Post-close trading update
25 Oct 2007
Halma’s trading performance for the first six months of the current financial year is expected to be in line with the Board’s expectations as the Group continues to achieve organic revenue and profit growth. The Board remains positive about prospects for the current financial year and the medium term.
Growth was achieved in all three sectors and in all major geographic regions. Industrial Safety continued to perform very well and benefited from good organic growth. Infrastructure Sensors and Health & Analysis both made progress and the benefits arising from the strategic actions and additional investment in the first half are expected to start to emerge during the second half as planned.
In October 2007, Halma acquired Sonar Research and Development (“SRD”) based in Beverley, UK for £2.4m (maximum of £2.6m). SRD’s technology complements the activities of our existing subsea safety monitoring business, and they will operate as part of the Tritech business.
Halma continues to search for more acquisitions in all major regions and has allocated further dedicated resources to support these efforts.
Halma’s Results for the six months to 29 September 2007 will be released on 29 November 2007.
Notes:
- This Trading Update has been prepared solely to provide additional information to the shareholders of Halma p.l.c., in order to meet the requirements of the UK Listing Authority’s Disclosure and Transparency Rules. It should not be relied on by any other party, for other purposes. Forward-looking statements have been made by the Directors in good faith using information available up until the date that they approved this statement. Forward-looking statements should be regarded with caution because of the inherent uncertainties in economic trends and business risks.
- A copy of this announcement, together with other information about Halma, may be viewed on its website: www.halma.com
For further information, please contact:
Andrew Williams, Chief Executive, Tel +44 (0)1494 721111.
Kevin Thompson, Finance Director, Tel +44 (0)1494 721111.
Hogarth Partnership Limited, Rachel Hirst/Andrew Jaques, Tel +44 (0)20 7357 9477.