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Volution - Shares rally after forecasts nudged higher

December 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The effects of global warming can once again be seen in the extraordinary autumn weather with balmy temperatures seen here and in mainland Europe. Such events and the added urgency on Governments to reduce carbon emissions help explain the strong performance by Volution, the market leader in domestic ventilation products and systems, which has said FY23 results were slightly ahead of forecast with the UK (c. 50% revenues) the key driver. Revenues grew 6.6% (5.1% organic) to £328m and pretax profit rose almost 7% to £65.1m. The UK grew 8.3% like-for-like with residential markets, helped by strong landlord demand (damp /mould), growing 19.5%. Europe was slower (+0.6%) particularly Germany and the Nordics due to new-build contraction ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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