Halma reports strong first half revenue, profit growth
Halma
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13:44 25/04/24
Safety, health and environmental technology group Halma said all its sectors delivered as-expected organic constant currency revenue and profit growth in the six months from April 1.
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Order intake was ahead of revenue and also ahead of the same period last year, the company said in a trading update, adding that growth in the US was “strong”.
“The medical and environmental & analysis sectors delivered strong growth, with medical continuing to benefit from the actions taken to improve profitability in the second half of last year,” Halma said.
“Process safety and infrastructure safety continued to perform well, even though the process safety performance included some modest re-organisation costs.”
Cash generation remained strong, which the company said would support continued investment in growth, both organically and by acquisition.
“We have a good acquisition pipeline and our M&A teams continue to be active. We made three small, technologically-driven bolt-on acquisitions in the period, for a maximum total consideration of £3m.”