Volution Group PLS Share News (FAN)

(Sharecast News) - Ventilation equipment manufacturer Volution Group said on Thursday that group revenues for the four months ended 30 November had risen 14.6% to £104.0m.
Volution stated that the uptick in revenues was a result of a combination of recent acquisitions and organic growth of 7.1%.

The FTSE 250-listed firm noted that early action on implementing selling price rises in all three geographic regions had enabled it to "control the impact of significant cost inflation" across its markets.

Volution added that while the Covid-19 pandemic continued to impact markets, it remained "well placed to capitalise" on the growing awareness of how indoor air quality impacts on health, and the changes to regulations in each of its local markets resulting from the need to reduce carbon emissions.

Chief executive Ronnie George said: "We are pleased to continue with the great progress we made in the year ended 31 July 2021 with a strong start to the new financial year.

"Our operating margins are being maintained in the face of considerable cost inflation, and we continue to provide good levels of customer service and product availability which is something that I know our loyal and dedicated employees are very much focussed on."

As of 1010 GMT, Volution shares were up 2.14% at 525.0p.