Halma Plc delivered record revenue, profit and dividends for shareholders

Halma Plc

Halma Plc  (LON:HLMA), the global group of life-saving technology companies focused on safety, health and the environment, today announced its half year results for the 6 months to 30 September 2018.








Continuing Operations





Adjusted Profit before Taxation1,4




Adjusted Earnings per Share2,4




Statutory Profit before Taxation




Statutory Earnings per Share




Interim Dividend per Share




Return on Sales3



Return on Total Invested Capital4



Net Debt



●Strong first half growth: Revenue up 16% with Adjusted1 pre-tax profit up 19% and statutory profit before tax up 23%.

●Organic constant currency revenue growth4 up 14%, reflecting continued robust performances in all four sectors, as well as benefits from phasing of some major orders.

●Organic constant currency profit growth4 of 16%, driven by revenue growth and significantly improved profitability in Medical. Continued strength in Environmental & Analysis.

●Revenue growth in all major regions. Very strong performance in the USA, good growth in the UK and continued progress in Mainland Europe and Asia-Pacific.

●Sustained high returns with Return on Sales3 of 19.3% and ROTIC5 of 14.9%. R&D expenditure up 14%, representing 5.3% of revenue.

●Good cash generation, with cash conversion of 86%; strong balance sheet with net debt to EBITDA of 0.7x, supporting sustained investment in organic growth, acquisitions and talent.

●Healthy acquisition pipeline with three acquisitions completed in the first half and two further acquisitions completed since the period end.

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●Interim dividend increased by 7%.

Andrew Williams, Group Chief Executive of Halma, commented:

“Halma made excellent progress in the first half, delivering record revenue, profit and dividends for shareholders, while continuing to invest in our strategic growth enablers for the longer term. Although the pace of technological and geopolitical changes is impacting economies and industries worldwide, we continue to benefit from the agility and resilience of our business model, as well as our geographic diversity, financial strength and focus on global niche markets.

Following a very strong first half, order intake continues to be ahead of both revenue and order intake for the comparable period last year. We remain on track to deliver more typical rates of constant currency organic growth in the second half, resulting in a strong full year performance.”

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