Business
Trading update
Trading update.
About this update from Halma Plc
[{"type":"text","content":"\n \n \n \n Trading update\n \n \n \n \n \n \n Halma, the global group of life-saving technology companies focused on growing a safer, cleaner, healthier future for everyone, every day, today releases its scheduled trading update.\n \n \n \n \n \n \n Good progress to date; expect Adjusted profit in line with consensus\n \n \n \n Halma has made good progress in the financial year to date. Based on current trading and forecasts, the Board expects Adjusted profit before tax for the year ending 31 March 2023 to be in line with consensus market expectations (see notes 1 and 2).\n \n \n \n \n \n \n Good organic constant currency revenue momentum\n \n \n \n Revenue growth in the year to date has been strong and includes good momentum on an organic constant currency basis, as well as a benefit from recent acquisitions (net of disposals), and currency translation (see note 3).\n \n \n \n \n \n Our order book remains strong and our order intake is broadly in line with revenue and ahead of the same period last year.\n \n \n \n \n \n \n \n \n Organic constant currency revenue growth in all regions and sectors\n \n \n \n We have delivered organic constant currency revenue growth in all sectors and regions in the year to date.\n \n \n \n \n \n All sectors are expected to deliver strong revenue growth on a reported basis for the full year. Sector revenue growth trends in the second half of the year on an organic constant currency basis have been broadly consistent with those seen in the first half.\n \n \n \n \n \n Of the major regions, the USA and Mainland Europe have seen strong organic constant currency revenue growth in the year to date; their reported results will also benefit from recent acquisitions and currency translation effects. The United Kingdom also saw good growth, although its reported results will reflect the disposal of a Safety sector business in the prior period. Asia Pacific's organic constant currency revenue growth was modest, reflecting a decline in China. Organic constant currency revenue growth in the remaining smaller regions was strong in aggregate.\n \n \n \n \n \n \n \n \n Record investment in M&A; promising acquisition pipeline\n \n \n \n We have made six acquisitions in the year to date across our three sectors, investing a record maximum total consideration of...