Interim Management Statement

RNS Number : 0744K

Halma PLC

25 July 2013

 



Halma plc AGM/Interim Management Statement 25 July 2013 Halma, the leading safety, health and environmental technology group is holding its 119th AGM later today and makes the following Interim Management Statement relating to the period 31 March 2013 to date, with the figures below relating to the first quarter's trading. Trading since the start of the financial year has been in line with the Board's expectations. Revenue during the first quarter was 13% ahead of last year including 6% organic growth at constant currency.  Order intake was 103% of revenue. We continue to increase investment in R&D resources, people development and the expansion of our global footprint to support organic growth. Revenue growth was achieved in all major regions, with good organic growth in Mainland Europe and Asia Pacific, the latter supported by a continued strong performance in China.  Organic growth rates were lower in the UK and the USA. Our Process Safety and Medical sectors performed well whilst Infrastructure Safety has continued to grow steadily. Environmental & Analysis has traded in line with expectations.  The reorganisation of certain Photonics and Water businesses in this sector is progressing well.  This will be completed by the end of 2013 and reorganisation costs will be in line with our previous estimate of £1m. There have been no material events or transactions during the period impacting 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 28 September 2013 are expected to be released on 19 November 2013.

For further information please contact: Halma plc Andrew Williams, Chief Executive Kevin Thompson, Finance Director	[phone]
MHP Communications Rachel Hirst/Andrew Jaques	[phone]

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.
	·     Infrastructure Safety	Products which detect hazards to protect assets and people in public spaces and commercial buildings.
	·     Medical	Products used to improve personal and public health.
	·     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.
2.	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.
3.	A copy of this announcement, together with other information about Halma, may be viewed on its website:  www.halma.com

 

END

 

 

IMSZMGZNDDRGFZM