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10 Jun 2021 07:01
HALMA plc
Unaudited restated segmental information
To aid the users' understanding of operating segment restatement,effective 1 April 2021
As stated in our half year results announcement dated 19 November 2020, from 1 April 2021 we have aligned our organisational structure and financial reporting with our purpose and focus on safety, environmental and health markets. From that date, we operate and report under three sectors, Safety, Environmental & Analysis, and Medical. As previously disclosed, the existing Process Safety sector will be combined with the Infrastructure Safety sector to form a single Safety sector, with the exception of our two Gas sensor companies (Crowcon and Sensit), which will move from Process Safety to Environmental & Analysis.
The tables in this document show financial information for these three new sectors, had they been in existence, for the full years ended 31 March 2020 and 2021.
The changes to sector reporting do not impact the historical consolidated results of Halma plc at the Group level. The numbers below are management restatements of segment financials provided for information and are unaudited.
We will report under these three sectors on a statutory basis for the first time for the 6 months to 30 September 2021.
Financial Years to 31 March 2021 and 31 March 2020
Total revenue | |||||||
Year ended 31 March 2021 £m | Year ended 31 March 2020 £m |
Change % |
Change OCCY* % | ||||
Safety | 587.0 | 620.8 | (5.5%) | (6.2%) | |||
Environmental & Analysis | 361.1 | 370.7 | (2.6%) | (4.3%) | |||
Medical | 371.3 | 347.2 | 7.0% | (5.4%) | |||
Inter-segmental revenue | (1.2) | (0.3) | |||||
Group | 1,318.2 | 1,338.4 | (1.5%) | (5.6%) | |||
* On an organic constant currency basis
Segment profit before allocation of adjustments# | |||||||
Year ended 31 March 2021 £m | Year ended 31 March 2020 £m |
Change % |
Change OCCY* % | ||||
Safety | 135.3 | 141.1 | (4.0%) | (5.0%) | |||
Environmental & Analysis | 89.3 | 79.9 | 11.6% | 11.3% | |||
Medical | 86.6 | 84.4 | 2.6% | (10.5%) | |||
Group | 311.2 | 305.4 | 1.9% | (2.3%) | |||
# Adjustments include the amortisation and impairment of acquired intangible assets; acquisition items; significant restructuring costs; and profit or loss on disposal of operations. More information on alternative performance measures is available for each respective period in our results announcements and annual reports which are available on our website at www.halma.com.
* On an organic constant currency basis
Revenue and profit transferred from Process Safety to Environmental & Analysis | ||||||
Year ended 31 March 2021 £m | Year ended 31 March 2020 £m |
Change % | ||||
Revenue
| 52.3 | 45.7 | 14.6% | |||
Profit
| 11.9 | 10.5 | 10.8% | |||
Return on sales | |||||
Year ended 31 March 2021 % | Year ended 31 March 2020 % |
Change % | |||
Safety
| 23.1% | 22.7% | 0.4% | ||
Environmental & Analysis | 24.7% | 21.6% | 3.1% | ||
Medical
| 23.3% | 24.3% | (1.0%) | ||
Group | 21.1% | 19.9% | 1.2% | ||
Revenue by sector and destination (all continuing operations) (by location of customer)
Year ended 31 March 2021
|
USA £m |
Mainland Europe £m |
UK £m |
AsiaPacific £m | Africa Near and Middle East £m |
Other countries £m |
Total £m |
Safety | 143.7 | 170.8 | 124.9 | 90.9 | 34.1 | 22.6 | 587.0 |
Environmental & Analysis | 165.1 | 44.2 | 70.1 | 65.9 | 9.2 | 6.6 | 361.1 |
Medical | 200.6 | 61.0 | 19.2 | 59.3 | 10.8 | 20.4 | 371.3 |
Inter Segmental | (0.6) | - | (0.6) | - | - | - | (1.2) |
Group | 508.8 | 276.0 | 213.6 | 216.1 | 54.1 | 49.6 | 1,318.2 |
For further information, please contact:
Halma plcAndrew Williams, Group Chief ExecutiveMarc Ronchetti, Chief Financial Officer
Charles King, Head of Investor Relations
| +44 (0)1494 721 111
+44 (0)7776 685948 |
MHP CommunicationsAndrew Jaques/Giles Robinson | +44 (0)20 3128 8788 |
NOTE TO EDITORS | |
1. | Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner, healthier future for everyone, every day.
Its purpose defines the three broad market areas where it operates:
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· Safety: protecting life as populations grown and protecting worker safety.
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· Environment: improving food and water quality, and monitoring air pollution.
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· Health: meeting rising healthcare demand as growing populations age and lifestyles change.
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It employs over 7,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific. Halma is listed on the London Stock Exchange (LON: HLMA) and is a constituent of the FTSE 100 index.
In January 2021, Halma was named Britain's Most Admired Company 2020 by Management Today.
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