26th Sep 2024 11:51
(Alliance News) - Halma PLC on Thursday highlighted its recent half-year progress while keeping guidance unchanged for the full year.
The Amersham, England safety equipment maker said that trading conditions remain varied across its end markets in the six months to September 30.
The company expects to report "good" organic constant currency revenue growth for the first financial half, boosted by order intake being ahead of revenue of GBP950.5 million a year ago.
Halma expects the adjusted earnings before interest and tax margin to be "modestly" higher than in the first half of the prior year, when it was 20.0%, down from 20.3% a year before that.
"We also expect to deliver a strong cash performance, enabling substantial investments, both organically and in acquisitions, to further expand our opportunities for growth over the medium to longer term," the company said.
However, it noted that the appreciation of sterling is having a negative currency translation effect on its results, which it anticipates to continue in the second half of the year.
Halma will release its half-year results on November 21.
Halma shares were 2.8% higher at 2,669.50 pence each late on Thursday morning in London.
By Tom Budszus, Alliance News slot editor
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