21st Nov 2024 09:36
(Alliance News) - Halma PLC on Thursday highlighted benefits from its sustainable growth model as it expects to make further progress amid sound demand for fire safety and worker safety.
The Amersham, England-based life-saving equipment maker said pretax profit in the six months to September 30 rose 16% on-year to GBP174.0 million from GBP150.2 million a year prior.
Revenue climbed 13% to GBP1.07 billion from GBP950.5 million.
The company said the worker safety subsector grew healthily, boosted by customer demand for industrial access controls, in particular in the US.
Further, there was strong growth in the fire safety subsector.
Halma proposed an interim dividend of 9.00 pence per share, up 7.0% from 8.41p a year ago.
"It has been a successful first half for Halma. These results further extend our track record of delivering strong and compounding revenue and profit growth, substantial cash generation enabling continued investment, and returns well above our cost of capital, while growing a safer, cleaner, healthier future for everyone, every day," Chief Executive Officer Marc Ronchetti said.
Halma expects to see "varied conditions in our individual companies' end markets" as the year progresses, however. It expects "good organic constant currency revenue growth" and an adjusted earnings before interest and tax margin of around 21%, landing in the middle of its target range.
It added: "Our success reflects continued commitment to delivering our purpose, the benefits we derive from our sustainable growth model, and the long-term drivers that underpin growth in our diverse portfolio. We are well positioned to make further progress in the remainder of the year and in the longer term."
Halma shares jumped 9.7% to 2,745.11 pence each on Thursday morning in London.
By Tom Budszus, Alliance News slot editor
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