Crawley's Volution Group reports strong H1 performance

Volution Group plc, an international designer and manufacturer of energy efficient indoor air quality solutions, has reported a strong performance during the six months up to January 2023.

Headquartered in Crawley, Volution operates in the UK, continental Europe, and Australasia, all three of which saw organic growth. Their success is headlined by an 8.5 per cent increase in revenue from the first half of the previous financial year.

The company has also remained above its long-term target despite inflationary headwinds, with the adjusted operating margin only dropping 0.2 points to 21.1 per cent.

In line with its pledge to deliver “healthy air, sustainably”, the recent report sees Volution on track to achieve its 2025 goals to use 90 per cent plastic from recycled sources and derive 70 per cent of its revenue from low-carbon products.

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CEO Ronnie George said: “We delivered a strong first half performance across our three regions, driven in particular by strong UK residential RMI demand.  This strong result is testament to the hard work and commitment of our employees.

“The importance of indoor air quality to our health and the need for energy efficient, low carbon buildings, are moving even further up the global agenda and increasingly supported by government policy and regulation, driving demand for Volution's innovative ventilation and heat recovery systems.

“With our excellent levels of customer service, agile manufacturing, a well-developed M&A pipeline and strong balance sheet position, coupled with significant geographic revenue diversity, we are well placed to make further progress.”

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