Sparks

Volution Group (LSE: FAN) posts good FY24 results

Volution Group reported FY24 revenue up by 6%, with a combination of organic (1.5%) and inorganic (6.5%) growth, offset by a 2% FX headwind and margins that expanded 120bp to 22.5%. Net debt in the year fell from £58.1m to £31.6m and shareholders will benefit from a 12.5% increase in the dividend to 9p per share.

The new financial year has started well with revenue and profit ahead of management’s expectations, and Volution Group has agreed to make its largest acquisition yet, the Australian and New Zealand operations of French company, Fantech Group.

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16.10.24

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