StockMarketWire.com - Diploma said Wednesday that it remained on track to deliver on full-year expectations, and revealed that Richard Ingram had stepped down from his role as Chief Executive Officer.

John Nicholas, the company's Non-Executive Chairman had agreed to take over as interim Executive Chairman until a permanent replacement CEO is appointed, Diploma said.

For the year ending 30 September, the company said it expected revenues to increase by about 7%, and operating margin to be similar to that reported in the first half of the year.

The headwind of a stronger pound had eased in the second of the half of year and is expected to impact revenues by roughly 3%, the company said.

Acquisitions are expected to also lift annual performance, contributing about 3%.

The group's annual net cash funds is expected to come in at about £30m.

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