Growth in continuing operations: revenue up 9%, adjusted pre-tax profit up 9%. Organic growth at constant currency: revenue up 6%, profit up 5%.
●
7% increase in total dividend; 35th consecutive year of dividend increases of 5% or more.
●
Widespread revenue growth: Asia Pacific up 11% including China up 26%, USA up 10%, Europe up 8% and UK up 11%. Organic growth in all regions.
●
Revenue and profit growth in all four sectors. Strong growth in Medical supported by prior year acquisitions. Good progress in Process Safety and Infrastructure Safety. Environmental & Analysis showing improved performance, final phase of restructuring on track. Organic constant currency revenue and profit growth in all sectors.
●
Acquisition pipeline remains healthy. Three acquisitions and one disposal completed since year end for a net cost of £78m, in addition to one acquisition in April 2013.
●
Strong cashflow and significant financial capacity for investment in organic growth and value adding acquisitions. Net debt of £74.5m at year end (2013: £110.3m) and increased borrowing facilities of £360m extended until 2018.
●
Simplified management structure in place, capable of scaling up Halma's business model while maintaining our unique operating culture.
|
Andrew Williams, Chief Executive of Halma, commented: "Halma has performed strongly, achieving record revenue and profit for the eleventh consecutive year. We achieved revenue and profit growth in all four of our business sectors and in all four major geographic regions even though market conditions were variable. "We expect this varied trading environment to continue, providing both opportunities and challenges including a currency headwind resulting from the increased strength of Sterling. Our ongoing investment in new products, people development and international expansion will continue to open up new market niches and applications for our businesses. Our proven ability to achieve organic growth and regularly complete good quality acquisitions gives us confidence that Halma will make further progress in the year ahead." |
