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Technical products and services group Diploma said performance in the fiscal first quarter of the year was 'strong,' with revenue up by more than a fifth, driven by continued demand and boost from acquisitions.
Revenue grew 28% for the three months ended December 2021, reflecting 'the net contribution from acquisitions and the two small disposals completed last year,' the company said.
Looking ahead, the company kept its outlook unchanged and said it continued to expect underlying growth to moderate as the year progresses and comparators become more demanding.
The next scheduled update would be the publication of half year results on 16 May 2022.