Halma PLC Trading Statement (8921R)

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: [phone] 

Andrew Williams, Chief Executive

Kevin Thompson, Finance Director

   MHP Communications                                       Tel: [phone] 

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

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September 27, 2017 02:00 ET (06:00 GMT)