26th Apr 2007 07:01
Halma PLC26 April 2007 Halma p.l.c. TRADING UPDATE The Board of Halma, the leading safety, health and sensor technology business,expects full year pre-tax profits* to be in line with current marketexpectations. The strategic changes completed over the past two years and higher investment insales resources, innovation and people development are underpinning our abilityto sustain organic growth. Good cash flow has ensured that the Group ended theyear with modest gearing after funding organic and acquisitive growthactivities. The pattern of sectoral trading performance reported at the Interim stage hascontinued with all three business sectors achieving good organic growth afterabsorbing the expected adverse impact of currency movement in the second half.Notably, Infrastructure Sensors, the Group's largest sector, maintained thestrong organic revenue and profit growth momentum that was re-established thisyear, following last year's increased investment. Organic growth remains Halma's top priority. Our strategy to make value addingacquisitions in closely targeted sectors is also progressing well. Tritech, the sub-sea safety monitoring business acquired in November 2006, hastraded well and is proving to be a strong addition to our Industrial Safetysector. Labsphere, acquired in February 2007, is also meeting expectations andadding further strength to our fast growing Photonics business within the Healthand Analysis sector. Halma's preliminary results for the year to 31 March 2007 will be released on 19June 2007. (* - before amortisation of acquired intangibles) For further information, please contact: Halma p.l.c. Tel: +44 (0)1494 721111Andrew Williams, Group Chief ExecutiveKevin Thompson, Group Finance Director Hogarth Partnership Limited Tel: +44 (0)20 7357 9477Rachel Hirst/Andrew Jaques Notes: A copy of this announcement, together with other information about Halma, may beviewed on its website: www.halma.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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