Halma Reports Rise in Pretax Profit for H1 2022

Halma, the safety, health, and environmental-technology company, has announced a significant increase in pretax profit for the six-month period ending September 30. The company attributes this growth to revenue expansion across all sectors and successful acquisitions, aligning with market expectations for full-year profit.

In comparison to the previous year, Halma's pretax profit for H1 2022 rose to £150.2 million, up from £145.5 million. Acquisitions accounted for 5.2% of this growth, compensating for adverse currency fluctuations, and a slight decline in return on sales from 19.6% to 18.7%.

Total revenue for the period reached £950.5 million, marking an increase from £875.5 million in the previous year. This growth was observed across all sectors and global markets, excluding Asia-Pacific, primarily due to weaker trends in China.

Additionally, Halma's board has declared an interim dividend of 8.41 pence per share, demonstrating their commitment to shareholders.

Looking ahead, Halma is confident in delivering strong organic constant-currency revenue growth for the fiscal year ending March. The company anticipates that its full-year adjusted pretax profit will align with market expectations, which stand at an estimated consensus of £389.0 million. In fiscal 2023, Halma reported an adjusted pretax profit of £361.3 million.