VENTILATION products supplier Volution yesterday announced boosted annual revenue, helped by the purchase of Brueggemann Energiekonzepte.
Volution said revenue for the year to 31 July was £130m, up by 7.9 per cent year-on-year and up 12 per cent on a constant currency basis.
This was driven by one per cent organic growth in the year, with the rest coming from acquisitions, including Germany-based heat recovery ventilation supplier Brueggemann, completed in April.
Volution said growth last year was helped by a rise in UK new-build residential sales and said demand for its products remains robust.
Chief executive Ronnie George said: “In our first full financial year since listing on the London Stock Exchange in June 2014, we have delivered both organic- and acquisition-led growth.
“We are also delighted to have completed the acquisition of the Ventilair group on 5 August 2015 and the process of integration and optimisation is progressing well.”
He added: “In spite of the significant impact of largely translational currency headwinds, mitigated by revenue growth and further margin expansion, the group expects its full-year results to be in line with the board’s expectations.”