Volution Group plc (FAN.L), on Wednesday, issued a pre-close trading update for the financial year ending 31 July 2024 and said the Board expects adjusted earnings per share to be slightly ahead of current market forecasts.
The company expects to deliver Group total revenue growth on a constant currency basis for FY24 of over 7%, within which organic growth is expected to be slightly over 1%, despite a challenging macroeconomic backdrop characterised by subdued levels of new construction activity, high interest rates, and weak consumer confidence.
Ronnie George, Volution Chief Executive Officer, said, "In the year we celebrated 10 years as a public company, we were very pleased to extend our value creation track record and make further strategic and financial progress against what are widely recognised as challenging end markets…"
For comments and feedback: editorial@rttnews.com