Halma PLC Trading Statement (8921R)
September 27 2017 - 1:00AM
UK Regulatory
TIDMHLMA
RNS Number : 8921R
Halma PLC
27 September 2017
Halma plc
Trading Update
27 September 2017
Trading Update
Halma, the leading safety, health and environmental technology
group today releases its scheduled Trading Update, relating to
trading for the period from 2 April 2017.
Halma made good progress in line with the Board's expectations.
The improved rates of organic constant currency revenue and profit
growth achieved in the second half of the last financial year have
continued into the current year. Order intake was ahead of revenue
and also ahead of the same period last year.
There was widespread growth geographically, with organic
constant currency revenue increases in all major regions. Asia
Pacific maintained strong growth, with good progress in the UK and
Mainland Europe and a steady performance in the USA.
The Environmental & Analysis sector performed particularly
well, benefitting from strong growth in Asia Pacific and the
re-organisation in its Life Science and Research business during
the first half of last year.
The improved performance achieved by the Process Safety sector
in the second half of last year continued. Market diversification
and rising demand from the US onshore energy market both
contributed to significant growth over the prior year.
The Infrastructure Safety sector continued to achieve good
growth as greater investment in new product development in recent
years contributed towards increasing demand from Asia Pacific and
Mainland Europe.
The Medical sector also achieved solid revenue growth, although
profitability was lower due to increased investment in new product
development and sales resources.
In August 2017, we announced the acquisitions of Cardios for an
initial consideration of R$50m (GBP12.1m) and CASMED for $4.5m
(GBP3.4m). Both businesses strengthen our Medical sector's blood
pressure monitoring technology base, with Cardios also being
Halma's first acquisition in Brazil. The integration of both
businesses is progressing well.
Our M&A pipeline strengthened during the period. We continue
to search for businesses in, or adjacent to, all four sectors and
the additional sector resources added during 2016 have improved
both the quantity and quality of our opportunities.
Cash generation was good and the Group's financial position
remains strong.
The results for the half year ending 30 September 2017 will be
released on 21 November 2017.
For further information, please contact:
Halma plc Tel: +44 (0)1494 721111
Andrew Williams, Chief Executive
Kevin Thompson, Finance Director
MHP Communications Tel: +44 (0)20 3128 8100
Rachel Hirst/Andrew Jaques
Notes:
1. This Trading Update is based on unaudited
management accounts information and has been
prepared solely to provide additional information
to the shareholders of Halma plc. It should
not be relied on by any other party, for
other purposes. Forward-looking statements
have been made by the Directors in good faith
using information available up until the
date that they approved this statement. Forward-looking
statements should be regarded with caution
because of the inherent uncertainties in
economic trends and business risks.
2. A copy of this announcement, together with
other information about Halma, may be viewed
on its website: www.halma.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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