Volution (FAN.L, FAN LN)

  • 892.1
  • 197.8
  • 98.2

    Closing Price (p): 451.0

  • RATING 31/03/21


Company Profile

Volution's objective is to provide healthy air in a sustainable manner. The group is principally a designer and assembler of ventilation products from components (electrics and motors) supplied by third parties, although it does injection mould the majority of the plastic components used. Volution offers a broad range of products, including extractor fans; MVHR (mechanical ventilation with heat recovery) systems; ducting products and accessories; air handling units; fan coils; and hybrid ventilation solutions. The group has operations in the UK, the Nordic region, Continental Europe and Australasia. Expansion via acquisition has been a characteristic of Volution's development since its 2014 IPO with total investment of over £130m, most of which has been outside the UK. This is likely to continue as Volution generates consistently high levels of free cash flow that will support further investment.

Major Shareholders%
Baillie Gifford & Co.5.7
Capital Research & Mgt (World)5.1
Aegon Asset Management UK PLC5.1
Fidelity Management & Res. Co.5.0
Franklin Templeton Fund Mgt. Ltd.4.8