27th Sep 2018 08:47
LONDON (Alliance News) - Hazard detection firm Halma PLC said on Thursday it has made good progress since April, in line with board expectations.
All units delivered organic constant currency revenue and profit growth, with order intake ahead of the same period last year.
The Medical and Environmental & Analysis sectors delivered "strong growth", said Halma, with Medical continuing to benefit from actions taken to improve profitability in the second half of last year.
Process Safety and Infrastructure Safety continued to perform well, though Process Safety booked some "modest" re-organisation costs, Halma said.
Geographically, there was widespread growth with organic constant currency revenue up in all major regions. Halma singled out the US as a region that grew particularly well in the period.
"Cash generation remained strong. This, together with Halma's robust financial position, will support continued investment in growth, both organically and by acquisition," said Halma, adding that it has a good acquisition pipeline.
In the period, the company said it made three small, "technologically-driven" bolt-on purchases for a maximum total consideration of GBP3 million.
Halma's results for the six months to September 30 will be released on November 20.
Shares in Halma were up 0.3% at 1,421.00 pence on Thursday.
Related Shares:
Halma