Introduction

Diploma is a decentralised, value-add distribution Group.

Our businesses deliver practical and innovative solutions that keep key industries moving. We are a distribution group with a difference. Our businesses have the technical expertise, specialist knowledge and long-term relationships to deliver value-add products and services that make our customers’ lives easier. 

Sustainable Quality Compounding

Group CEO, Johnny Thompson, shares key messages from FY23 Full Year Results

Chair's statement

Decentralised Culture. Shared Values.

Financial highlights

Another very strong financial performance

Organic revenue growth

8%

(Model: 5%)

Revenue growth

19%

(Model: 10% +)

Adjusted operating profit margin

19.7%

(Model: 17% +)

Adjusted EPS growth

18%

(Model: Double-digit)

Free cash flow conversion

100%

(Model: ca.90%+)

Net debt/EBITDA

0.9x

(Model: <2.Ox)

ROATCE

18.1%

(Model: High teens)

Dividend growth

5%

(Model: 5%)

CEO's review

Sustainable Quality Compounding

Value-Add

Hear from CEO, Johnny Thomson, on what value-add looks like across the Group

Sector Reviews

Our businesses deliver the solutions and products that bring our purpose to life

Our businesses deliver products and services to their customers, including wire and cable, connectors, fasteners and adhesives; seals, gaskets, hose and fluid power sealing products; surgical and diagnostic equipment, consumables and instrumentation. We operate in core geographies of North America, Continental Europe, UK and Australia.

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Controls

Another exceptional year

The Controls Sector businesses supply specialised wiring, cable, connectors, fasteners, control devices, adhesives, and CNC and robotic components for a range of technically demanding applications.

Seals

Strengthening growth potential

The Seals Sector businesses supply a range of seals, gaskets, cylinders, components and kits used in heavy mobile machinery and a diverse range of fluid power products with Aftermarket, OEM and MRO applications.

Life Sciences

Continued growth and investment

The Life Sciences Sector sources and supplies technology driven, value-add solutions in the In Vitro Diagnostics, Scientific and Medtech segments of the global healthcare market.

Delivering Value Responsibly

Growth with Positive Impact 

We are determined to make a difference. For our Delivering Value Responsibly (DVR) framework, that means that we need objectives that are linked to our business model and embedded in the business strategy and commercial and operational activities.

Colleague Engagement

80%

(2022: 79%)

Women In Senior Management Team Positions

28%

(2022: 27%)

Key Suppliers Aligned to Supplier Code

73%

(2022: 59%) 

Lost Time Incident Rate (LTIs per 1,000 Employees)

9.5

(2022: 10.6) 

Emissions Intensity (Tonnes Per £1m Revenue)

7.2

(2022: 7.4)

Waste to Landfill

32%

(2022: 60%)

Download centre

Diploma PLC Annual Report & Accounts 2023