Highlights include:
Record turnover of £130.8 million, up 4%
Profit before taxation of £22.7 million just exceeding last year’s record
Sales growth widespread across businesses and territories
Overseas sales amounting to 69% of the total
Building intellectual asset base through increased investment in R&D
Earnings per share up 2% at 4.23p
Interim dividend up 15% at 2.077p per share, supported by strong returns and cash generation
Major contract wins include supplying water purification technology to Severn Trent’s extensive US operations
Commenting on the results, Stephen O’Shea, Chief Executive of Halma, said:
Our strategic position in safety products makes Halma an exceptionally resilient business. We are not fully insulated from economic conditions but our success in creating new products and winning new customers will benefit the Group when conditions improve. We are a strongly profitable and cash generative business and the management is determined to extend our record of excellent performance relative to our peer group and to continue to build up the value of the Group to our shareholders.
