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23 Jul 2015 07:00
Halma plc
AGM Trading Update
23 July 2015
Halma, the leading safety, health and environmental technology group is holding its 121st AGM later today and makes the following trading update for the period from 29 March 2015 to date, with comments on trading relating to the first quarter ended 4 July 2015.
Halma has continued to achieve organic revenue growth at constant currency in all four of its sectors and in all its major geographic regions. Order intake has been ahead of revenue and this, together with a small favourable currency impact, has positioned Halma to make further progress in the year ahead, in line with the Board's expectations.
In May 2015, we acquired US-based Value Added Solutions LLC ('VAS') for an initial consideration of $5m (£3m), adding new fluidic-related technology and manufacturing know-how to Diba Industries within our Medical sector.
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 3 October 2015 are expected to be released on 17 November 2015.
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
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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.
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● Infrastructure Safety | Products which detect hazards to protect assets and people in public spaces and commercial buildings.
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● Medical | Products used to improve personal and public health.
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● Environmental & Analysis | Products and technologies for analysis in 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.
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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.
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3. | This Trading Update has been prepared solely to provide additional information to the shareholders of Halma plc. 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.
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4. | A copy of this announcement, together with other information about Halma, may be viewed on its website: www.halma.com
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