Halma posts record first-half results, hikes dividend
Halma posted record first-half results on Tuesday, with revenue and profit up amid good performances across its business sectors.
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In the six months to 30 September, adjusted pre-tax profit rose 19% to £112.9m on revenue of £585.5m up 16% from the same period a year ago.
The interim dividend was lifted by 7% to 6.11p a share and the company said it saw revenue growth in all major regions, with a very strong performance in the USA, good growth in the UK and continued progress in mainland Europe and Asia Pacific.
Halma said its acquisition pipeline was healthy, with three acquisitions completed in the first half and two further acquisitions completed since the period end.
Chief executive Andrew Williams said: "Halma made excellent progress in the first half, delivering record revenue, profit and dividends for shareholders, while continuing to invest in our strategic growth enablers for the longer term. Although the pace of technological and geopolitical changes is impacting economies and industries worldwide, we continue to benefit from the agility and resilience of our business model, as well as our geographic diversity, financial strength and focus on global niche markets.
"Following a very strong first half, order intake continues to be ahead of both revenue and order intake for the comparable period last year. We remain on track to deliver more typical rates of constant currency organic growth in the second half, resulting in a strong full year performance."
Halma said it could experience shorter-term disruption in its supply chain around the time of Brexit, including disruption associated with customer buying patterns, customs and border clearances and uncertainty over UK and EU product approvals.