Volution Group Reports Growth Despite Weak Construction Markets
UK: Volution Group Plc reported its FY2026 results, with revenue, operating profit and cash generation increasing by more than 15%, while adjusted earnings per share rose by 15.4%. Organic revenue growth was 2.8%, below its 3%–5% target, while the operating margin reached 23.2%, cash conversion was 107% and return on invested capital was 25.5%. Acquisitions, including AC Industries, supported growth. The group acquired German ventilation specialist getAir at the start of FY2027 and ended FY2026 with net leverage of 1.5 times, excluding leases.
Continental Europe achieved 5.9% organic growth, Australasia 3.3%, while UK revenue remained flat amid weak construction demand. Volution secured its first data centre order worth approximately USD 12 million. Low-carbon products accounted for 72.1% of revenue. Management reported a positive start to FY2027 and retained its long-term growth and profitability targets, while recognising continued market weakness in parts of the UK and Europe.
Source: The Globe and Mail
