Strong Revenue Growth
SDI Group reported a 10% total revenue growth, comprising 3% organic growth and 7% acquisition growth, with net operating margins improving from 12.6% to 13.5%.
Successful Strategic Acquisitions
The acquisition of Severn Thermal Solutions has already exceeded expectations, contributing GBP 700,000 in revenues to the Laboratory Equipment division.
Record Government Contracts
Secured a substantial GBP 1.3 million government contract for high-performance fume cabinets and significant contract wins such as a GBP 300,000 nuclear contract.
Improved Financial Performance
Gross profit margin increased by approximately 100 basis points to 66.3%, with a focus on pricing strategies.
Robust Acquisition Pipeline
The acquisition pipeline remains strong with a focus on executing significant contracts and maintaining second half bias.