Volution Group plc (FAN) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

So I'm Ronnie George, Chief Executive of Ellucian. You know me really well by now, Andy O'Brien, Chief Financial Officer. Been with the group for nearly seven years now. So we've been doing this for some time. I thought about this this morning as I came in on the train, another set of half-year results, and we'll take you through it. But look, I think in... no uncertain terms, this is a really great set of results. I'm really proud, along with Andy, to be standing up here this morning taking you through it in what is no doubt an ongoing sort of challenging backdrop. So we'd like to take you through our results. I'll just sort of kick off with some headlines but it is a strong first half performance and not not surprising really we had revenue growth of you know just over 20 on a constant currency basis obviously benefiting from the acquisition that we made previously but we've had strong volume-led organic growth of 4.2 on a constant currency basis all three of our regions have grown organically very very pleased about that Adjusted operating profit margin is 22.6% and that's an organic margin improvement of 40 basis points on the prior year. We had some small dilution because of Fantech. But in actual fact, the dilution from Fantech is today far less than you would have expected when we first made that acquisition. So really delighted with our operating profit margin. And we'll spend a bit more time taking you through that in a little bit of detail. And good cash conversion, 98%. And this is at the half year. So typically, we would expect cash conversion to be stronger throughout the year. Second half is stronger. So 98% at the first half of the year, debt leverage 1.3 times. And look, one of our metrics around revenue is to talk about low carbon revenue. And that i...