Halma, the leading safety, health and environmental technology group, today announces its half year results for the 26 weeks to 28 September 2013.
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Highlights include: |
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Revenue from continuing operations up 12% to £333.1m (2012/13: £298.1m) and adjusted profit up 9% at £65.1m (2012/13: £59.7m). |
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Organic growth: revenue up 8%, profit up 5% (at constant currency up 6% and 2% respectively). |
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Widespread revenue growth: Asia Pacific up 15%, including 32% in China, USA up 15%, UK up 9% and Europe up 8%. Organic growth in all regions. |
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Revenue growth in all four sectors, excluding prior year disposal. Good profit growth in Process Safety, Infrastructure Safety and Medical. Environmental & Analysis reorganisation on track, to be completed in the second half. |
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Adjusted earnings per share from continuing operations up 7% to 12.99p (2012/13: 12.12p). Statutory earnings per share down 13% to 11.28p (2012/13: 12.93p) as prior year benefited from significant gain on disposal. |
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Interim dividend of 4.35p per share, up 7% (2012/13: 4.06p). |
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Net debt of £110m (March 2013: £110m). Strong financial position underpinned by good operating cashflow. Financial capacity for further organic growth and acquisitions. Acquisition pipeline remains healthy. |
Andrew Williams, Chief Executive of Halma, commented:
"Halma made strong progress during the period, achieving record revenue and profit, while continuing to increase investment in Innovation, People Development and International Expansion. Order intake since the period end has continued to be slightly ahead of revenue and in line with our expectations. Halma remains on track to make further progress in the second half of the year."
