10th Feb 2015 07:33
LONDON (Alliance News) - Halma PLC said Tuesday it expects adjusted pretax profit for its financial year to March 28 to be in line with market expectations, as it continues to see organic constant currency revenue growth in all of its regions.
Halma adjusts its pretax profit for amortisation, acquisition costs and profit on the disposal of operations. The technology company said it believes the current market forecasts for its adjusted pretax profit are in the range of GBP145.6 million to GBP156.5 million, with a consensus of GBP150.7 million.
The company added that, due to movements in exchange rates, it now expects a 2% hit from currency translation in its full year results, rather than the 3% hit it had previously estimated.
Halma saw a strong performance in the US, and steady progress in the UK, mainland Europe and Asia Pacific. Its order intake has remained slightly ahead of its revenue, it said.
In its business sectors, its Process Safety sector continues to perform strongly whilst its Infrastructure Safety and Medical sectors "maintained good progress". Halma's Environmental and Analysts sector improved in the second half compared to the first and is trading broadly in line with the previous year.
Halma is scheduled to release its full-year results June 11.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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