Diploma Results Presentation Deck
20
Diploma PLC
Half Year 2023 Results
Seals
% of Group revenue
34%
Sector revenue mix
C
UK Aftermarket
European OEM
Australia
*
NA Aftermarket
US OEM
US MRO
* Pro forma revenues adjusted for acquisitions
and disposals completed during the year
24%
14%
10%
23%
16%
13%
Revenue
Organic growth
Adjusted operating profit
Adjusted operating margin
H1 2023 highlights
• International Seals +12% organic:
●
●
-
Excellent trading performance in R&G
- Strong performance in water management segment in Australia
• North American Seals +4% organic against strong comparator (H1 2022: +19%)
Strong double-digit growth in North American Aftermarket and MRO
Softer performance in US Industrial OEM this half
-
Portfolio development
-
H1 2023
£198.4m
+8%
£35.7m
18.0%
Two bolt-ons in North American Seals
Three bolt-ons in R&G
H1 2022
£137.4m
+15%
£25.8m
18.8%
Margin -80bps:
Change
+44%
+38%
-80bps
R&G first year dilution
R&G improving margin plus Sector scale/performance benefits see margins improve in H2
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