Halma retains guidance amid strong end-market demand and order intake
Halma PLC on Thursday said it has made ‘further strong progress’ in the second half of the financial year, consistent with upgraded guidance provided in November, leaving it on course to deliver its 23rd consecutive year of record adjusted profit.
The Amersham, England-based safety products manufacturer expects mid-teens percentage organic revenue growth at constant currency for the financial year ending March 31, compared to an increase of 9% to £2.25 billion in the financial year to March 2025.
Halma said growth is supported by strong demand across its end markets and continued premium growth in photonics within its Environmental & Analysis sector.
The FTSE 100 listing also forecast an adjusted earnings before interest and tax margin of around 22%, excluding a one-off profit recorded in the first half, compared to 21.6% in the prior year.
Order intake remains ahead of both revenue in the year to date and the comparable period last year, while full-year cash conversion is expected to be around the company’s 90% target.
Halma said it has invested a record £451 million in acquisitions during the year to date, completing five deals across its three sectors, and noted it continues to see a healthy acquisition pipeline.
The company added that sterling appreciation is expected to have a negative currency translation effect on its results.
Shares in Halma were down 0.3% at 3,898.00 pence each in London on Thursday morning. The wider FTSE 100 was down 0.5%.
Results for financial year ending March 31 will be released on June 11.
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