25th Sep 2025 08:49
(Alliance News) - Halma PLC on Thursday said it continues to possess a "healthy" acquisition pipeline, as it reported improved revenue expectations for the full year.
Shares in the Amersham, England-based life-saving equipment maker edged up 3.1% to 3,440.00 pence on Thursday morning in London.
Owing to "strong progress" in its half-year to September 30, Halma now expects to deliver low double-digit percentage organic constant currency revenue growth for the full year to March 31, 2026. Revenue in financial 2025 was GBP2.25 billion.
The company had previously guided growth in the upper single-digit percentage range at constant currency.
Halma credited the improved outlook to stronger-than-expected growth in photonics within the Environmental & Analysis Sector.
Supporting this was an improved order intake, which Halma noted is above both revenue in the year-to-date and the same period last year.
The company kept its adjusted earnings before interest and tax margin guidance unchanged. It continues to expect it "modestly above" the middle of its 19% to 23% target range for financial 2026. The company reported an adjusted Ebit margin of 21.6% in financial 2025.
However, Halma did state that the appreciation of sterling is having a negative currency translation effect on its results, and that it expects this to persist into second-half trading.
On M&A developments, the company said it continues to possess a "healthy acquisition pipeline."
Halma is scheduled to report interim earnings on November 20.
By Christopher Ward, Alliance News reporter
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