Halma PLC Interim Management Statement (1641N)
July 24 2014 - 2:00AM
UK Regulatory
TIDMHLMA
RNS Number : 1641N
Halma PLC
24 July 2014
Halma plc
AGM/Interim Management Statement
24 July 2014
Halma, the leading safety, health and environmental technology
group is holding its 120(th) AGM later today and makes the
following Interim Management Statement relating to the period 30
March 2014 to date, with comments on trading relating to the first
quarter ended 28 June 2014.
Market conditions have remained varied within our four sectors
and the major geographic regions, while the increasing strength of
sterling continues to provide a translation headwind. However,
Halma has continued to achieve organic revenue growth at constant
currency with order intake at 103% of revenue. This, together with
the acquisitions completed in the first quarter, has positioned
Halma to make further progress in the year ahead in line with the
Board's expectations.
Process Safety performed well with growth from the USA, Mainland
Europe, Middle East and South America offsetting lower revenue from
Asia Pacific. The integration of RCS, the pipeline corrosion
monitoring business acquired in May 2014, has started well and
collaboration with Halma's other Process Safety companies is
already underway.
The Infrastructure Safety sector made solid progress with
encouraging growth in the UK and Mainland Europe. The integration
into Halma of Advanced Electronics, the fire safety company
acquired in May 2014, is also proceeding well.
Our Medical sector had a slow start to the year but is gaining
momentum with good underlying growth in the USA and South America.
Plasticspritzerei, acquired in May 2014, has been fully integrated
into Medicel, the Halma company which manufactures devices for
cataract surgery procedures.
The Environmental & Analysis sector delivered a mixed
performance. Revenue growth in Mainland Europe and Asia Pacific has
been encouraging although trading in the USA and UK has been more
challenging. UK revenue has been affected by lower spending by
water utilities which are now in the final year of their 5-year
investment cycle.
As reported previously, since the start of the period we have
completed three acquisitions and one disposal with a net cash cost
of GBP78m. There have been no other material events or transactions
during the period impacting upon the Group's financial position,
which remains strong. We continue to identify potential acquisition
opportunities which meet our strategic and financial criteria.
The half yearly results for the period ending 27 September 2014
are expected to be released on 18 November 2014.
For further information, please contact:
Halma plc Tel: +44 (0)1494 721111
Andrew Williams, Chief Executive
Kevin Thompson, Finance Director
MHP Communications Tel: +44 (0)20 3128 8100
Rachel Hirst/Andrew Jaques
NOTE TO EDITORS
1. Halma develops and markets products used worldwide to protect
life and improve the quality of life. The Group comprises four
business sectors:
-- Process Safety Products which protect assets and people at
work.
Products which detect hazards to protect assets
* Infrastructure Safety and people in public spaces and commercial
buildings.
-- Medical Products used to improve personal and public
health.
Products and technologies for analysis in
* Environmental & Analysis safety, life sciences and environmental markets.
The key characteristics of Halma's businesses are that they
are based on specialist technology and application knowledge,
offering strong growth potential. Many Group businesses are
market leaders in their specialist field.
2. High resolution photos of Halma senior management, including
Chief Executive Andrew Williams, and images illustrating Halma
business activities can be downloaded from its website: www.halma.com.
Click on the 'News & Media' link, then 'Image Library'. Photo
queries: David Waller +44 (0)1494 721111, e-mail: dwaller@halmapr.com.
3. This Interim Management Statement has been prepared solely
to provide additional information to the shareholders of Halma
plc, in order to meet the requirements of the UK Listing Authority's
Disclosure and Transparency Rules. It should not be relied
on by any other party, for other purposes. Forward-looking
statements have been made by the Directors in good faith using
information available up until the date that they approved
this statement. Forward-looking statements should be regarded
with caution because of the inherent uncertainties in economic
trends and business risks.
4. A copy of this announcement, together with other information
about Halma, may be viewed on its website: www.halma.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
IMSZMGZNVFMGDZM
Halma (LSE:HLMA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Halma (LSE:HLMA)
Historical Stock Chart
From Jul 2023 to Jul 2024