StockMarketWire.com - Diploma said reported group revenues in the first half of the year are expected to be nearly 8% ahead of the comparable period, and nearly 12% ahead at constant exchange rates.

The life sciences sector reported revenues are expected to be close to 16% - or 8% on an underlying basis - ahead of the comparable period, with a strong contribution from Abacus dx, the Australian diagnostic business acquired in April last year.

The seals sector reported revenues are expected to increase by roughly 4% (up 8% on an underlying basis) principally driven by strong trading activity across the North American businesses where underlying revenues are expected to grow by circa 12%.

In international seals, underlying revenues are expected to grow by roughly 3% in the first half with stronger trading in the European businesses being partly offset by weaker performances in Russia and Australia.

The controls sector, meanwhile, sees reported revenues growing by circa 6% (up 3% on an underlying basis) against a very strong comparative last year.

The firm said adjusted operating margin remains in line with the comparable period last year.





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