Diploma Regulatory News (DPLM)

10 Jan 2007 07:00

Diploma PLC10 January 2007 FOR IMMEDIATE RELEASE 10 January 2007 DIPLOMA PLC TRADING UPDATE At the Annual General Meeting to be held today of Diploma PLC, the Chairman will report that the Group has made a good start to the new financial year and is trading ahead of the comparable period last year. This is despite the adverse impact on the Group's operating profits from the weakness in the US$ and CAN$, relative to Sterling. The Life Sciences businesses are showing continued growth both in Europe and in Canada. The Seals businesses are predominantly driven by the North American industrial economies and in particular heavy construction, where growth is continuing but at modest rates. The European Defence, Aerospace and Motorsport markets, in which the Group's Controls businesses operate, continue to be buoyant. The Directors remain confident that the strategy of investing for organic growth and in high quality acquisitions will continue to deliver good value to shareholders. For further enquiries please contact: Bruce Thompson, Chief Executive Officer 020 7638 0934 Nigel Lingwood, Group Finance Director 020 7448 4875 Ian Seaton, Bankside Consultants 020 7367 8891 This information is provided by RNS The company news service from the London Stock Exchange