Halma PLC Trading Statement (5086T)
March 21 2019 - 2:00AM
UK Regulatory
TIDMHLMA
RNS Number : 5086T
Halma PLC
21 March 2019
Halma, the leading safety, health and environmental technology
group, today releases its trading update, for the period from 1
October 2018 to date.
Halma has made good progress in the period. Based on current
trading and forecasts, the Board expects adjusted profit before tax
for the year ending 31 March 2019 to be in line with market
consensus expectations (see notes 1 and 2).
There has been widespread revenue growth geographically. The USA
and the UK have seen the strongest growth, with more moderate
growth in Mainland Europe and Asia Pacific. Order intake has
remained ahead of revenue and the same period last year. There has
been a positive currency translation effect on Group revenue and
profit in the second half, resulting in a broadly neutral effect
for the year as a whole.
The Safety sectors have performed in line with expectations,
with the strongest progress in Infrastructure Safety, supported by
positive contributions from recent acquisitions. Process Safety is
expected to deliver a satisfactory performance for the full year
despite planned reorganisation costs in the second half. The
Medical and Environmental & Analysis sectors remain on track to
deliver good full-year performances.
We made three acquisitions in the second half, all in
Infrastructure Safety, for a total initial consideration of
approximately GBP62 million. The acquisitions of Limotec and
Navtech were reported in the Group's half year results
announcement. In January 2019, we announced the acquisition of Rath
Communications, a provider of emergency communication systems for
Areas of Refuge in the USA, for US$42.4 million (GBP32.6 million).
The integrations of all acquisitions made during the year are
progressing well, and the acquisition pipeline remains healthy in
all four sectors.
The Group's financial position is robust and cash generation
remains strong, supporting investment in both organic and
acquisitive growth.
The results for the year ending 31 March 2019 will be released
on 11 June 2019.
For further information, please
contact:
Halma plc
Andrew Williams, Chief Executive Switchboard: +44 (0)1494 721111
Marc Ronchetti, Chief Financial
Officer
Charles King, Head of Investor Mobile: +44 (0)7776 685948
Relations
MHP Communications
Rachel Hirst/ Andrew Jaques +44 (0)20 3128 8100
About Halma
Halma is a global group of life-saving technology companies,
focused on growing a safer, cleaner and healthier future for people
worldwide. Our innovative products and solutions address many of
the key issues facing the world today. We operate in four sectors:
Process Safety, Infrastructure Safety, Medical and Environmental
& Analysis. We employ over 6,000 people in more than 20
countries, with major operations in Europe, the USA and
Asia-Pacific. We target global niche markets where sustainable
growth and high returns are supported by long-term drivers. Halma
is listed on the London Stock Exchange and has been a member of the
FTSE 100 index since December 2017.
Notes
1. Adjusted profit before tax is before amortisation and
impairment of acquired intangible assets, acquisition items,
restructuring costs and profit or loss on disposal of
businesses.
2. The Board believes current market forecasts for adjusted
profit before tax for the year ending 31 March 2019 to be in the
range of GBP240.1 million to GBP253.4 million, with a consensus of
GBP243.7m.
3. This Trading Update is based upon management accounts
information. 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.
4. A copy of this announcement, together with other information
about Halma, may be viewed on our website www.halma.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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