Halma posts record revenue and profit as all four sectors perform well

Safety, health and environment technology company Halma posted record full-year results on Tuesday thanks to strong growth across all four of its sectors.

In the year to the end of March, statutory pre-tax profit rose 20% to £206.7m on revenue of £1,21bn, up 13% on the previous year. Adjusted pre-tax profit was up 15% during the year to £245.7m and the total dividend per share was lifted by 7% to 15.71p.

Halma said all four sectors - process safety, infrastructure safety, environment & analysis and medical - grew revenue and adjusted pre-tax profit on an organic constant currency basis, with three out of four of them delivering double digit increases. On a regional basis, the group saw solid performances in the USA, the UK and Asia Pacific, with good growth in mainland Europe.

Chief executive Andrew Williams said: "Halma had a successful year, achieving record revenue and profit, delivering our 40th consecutive year of dividend per share growth of 5% or more and making further increased strategic investment supported by our strong balance sheet.

"We have a strong purpose, culture and growth strategy focused on niches in a diverse range of markets where demand is supported by resilient long-term growth drivers, offering us both organic and acquisition growth opportunities."

Halma said the new financial year has started well, with order intake still ahead of both revenue and order intake for the comparable period last year.

"We expect to make good progress in the year ahead," Williams said.