AGM Trading Update - Interim Management Statement
29 Jul 2010
Halma, the leading safety, health and sensor technology group is holding its 116th AGM later today, at which Geoff Unwin, Chairman, will make the following statement. This announcement comprises the Group's Interim Management Statement relating to the period 4th April 2010 to 29 July 2010 and covers the first quarter's trading.
Trading since the start of the financial year has been strong and is in line with the Board's expectations.
"In the first quarter, revenue was 8% ahead of last year and included a positive benefit of less than 1% from currency translation. Order intake was comfortably ahead of revenue, continuing the strong momentum established in the second half of the last financial year.
"All three sectors increased revenue and profitability, and the regional trading patterns were consistent with those reported in our recent preliminary results announcement in June.
"Infrastructure Sensors is making solid progress, Health and Analysis is growing strongly whilst Industrial Safety is maintaining a steady recovery following a weak first half, last year.
"Revenue growth in the USA is good, with a lower rate of growth in Europe and the UK remaining relatively weak. Strong progress continues to be made in the Rest of the World, including Asia.
"There have been no material events or transactions impacting the Group's financial position, which remains strong. We continue to seek to invest in supporting organic growth and to acquire businesses which meet our strategic and financial criteria.
"The half yearly results for the period ending 2 October 2010 are expected to be released on 30 November 2010."
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.
Note. This Interim Management Statement 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.