Halma increases 2013 full year dividend by 7%

DividendMax Ltd.

Halma increases 2013 full year dividend by 7%

Adjusted pre-tax profit from continuing operations up 8% to £130.7m (2012: £120.5m) on revenue up 7% at £619.2m (2012: £579.9m). Return on Sales of 21.1% (2012: 20.8%).

Organic growth at constant currency: Profit up 5%, Revenue up 3%.

US and China revenue up strongly; UK and Mainland Europe revenue lower. 

Strong performances in Medical and Process Safety sectors; solid progress in Infrastructure Safety; slightly lower profit in Environmental & Analysis.

Order intake ahead of revenue in the second half and order books increased across all sectors.

Adjusted earnings per share from continuing operations up 7% to 26.22p (2012: 24.46p). Statutory earnings per share up 10% to 25.22p (2012: 23.01p).

Six acquisitions and one disposal completed. Acquisition pipeline remains healthy.

Good cash flow maintained. Net debt of £110.3m at period end (2012: £18.7m). Borrowing facilities of £260m in place until 2016, providing significant financial capacity for investment in organic growth and value adding acquisitions.

Final dividend of 6.37p per share, representing a 7% increase in total dividend to 10.43p per share for the year (2012: 9.74p) marking the Group's 34th consecutive year of dividend increases of 5% or more.

 

US and China revenue up strongly; UK and Mainland Europe revenue lower. 

Strong performances in Medical and Process Safety sectors; solid progress in Infrastructure Safety; slightly lower profit in Environmental & Analysis.

Order intake ahead of revenue in the second half and order books increased across all sectors.

Adjusted earnings per share from continuing operations2 up 7% to 26.22p (2012: 24.46p). Statutory earnings per share up 10% to 25.22p (2012: 23.01p).

Six acquisitions and one disposal completed. Acquisition pipeline remains healthy.

Good cash flow maintained. Net debt of £110.3m at period end (2012: £18.7m). Borrowing facilities of £260m in place until 2016, providing significant financial capacity for investment in organic growth and value adding acquisitions.

Final dividend of 6.37p per share, representing a 7% increase in total dividend to 10.43p per share for the year (2012: 9.74p) marking the Group's 34th consecutive year of dividend increases of 5% or more.

Andrew Williams, Chief Executive of Halma, commented:

"During the past year, we have continued to strengthen our business by further increasing investment in our drivers of organic growth - innovation, people development and international expansion. We have significantly improved the fundamental quality of our portfolio through six acquisitions and one disposal.

Order intake since the start of 2013 has been consistent with our expectations of sustaining year-on-year organic growth and high returns. We remain confident that Halma will make further progress in the year ahead."

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