22nd Mar 2018 08:38
The safety, health and environmental technology company said it expects adjusted pretax profit for the year ending March 31 to come in the range of
On a constant currency basis, revenue continued to grow in the second half of the year with "strong" performance in
However, positive currency translation impact in the first half of financial year was offset by current rates and the group forecasts neutral currency influence for the full year, it added.
Halma said order intake has continued to be ahead of revenue as the group benefits from the diversity of its markets and resilient growth drivers. The year before, the blue-chip company delivered revenue of
The company said that all sectors traded in line with expectations during the second half of its financial year. Profitability in Medical sector was improved "steadily", helped with actions to control discretionary costs. In 2017, Medical sector was the group's largest profit sector for the first time with revenue of
Halma forecasts the growth in the group's Process Safety sector to slow down, due to tougher prior year comparatives. Last year, Process Safety sector posted "record" revenue of
"The group's financial position remains strong. This supports both organic growth and acquisition investment. We continue to identify potential acquisition opportunities in all four of our sectors," Halma said.
The company also highlighted the acquisition of Italian manufacturer of wireless fire systems Argus and distributor of wireless devices Sterling, completed in December for
Halma shares opened down 1.9% at
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