Halma posts solid half year growth across the board

Safety, health and environmental technology group Halma has posted a growth in half-year profit after an increase in revenue across all its divisions.

The FTSE 250 listed company posted its interim results for the 27 weeks to 3 October on Tuesday.

Revenue had increased 11% on the previous year to £379.7m, driven by an 18% increase in revenue from the company’s medical division to 92.3m.

The environmental and analysis division also saw an 11% increase for the period to £87.2m after a tough period in 2014.

Infrastructure safety brought in the most revenue, up 9.7% to £122.4m, while process safety saw a 4.2% increase to £77.8m.

That led to the company posting a half year adjusted profit before tax of £74.7m, up 8% from £69m last year.

It also noted that since 3 October, its order intake is ahead of last year and it remains on track to make progress in the second half in line with expectations.

Halma chief executive Andrew Williams said the company has achieved record revenue and profit in varied market conditions.

“The diversity of our products, customers and end market niches is a cornerstone of our success.”

The market took the results to heart, with shares in the company up 52.5p (6.94%) to 808.50p at 0947 GMT.