AGM Statement

RNS Number : 2159L

Halma PLC

28 July 2011

 



Halma p.l.c. AGM Trading Update/Interim Management Statement 28 July 2011 Halma, the leading safety, health and environmental technology group is holding its 117th AGM later today, at which Geoff Unwin, Chairman, will make the following statement which comprises the Group's Interim Management Statement relating to the period 3 April 2011 to 28 July 2011 and covers the first quarter's trading. "Trading since the start of the financial year has been in line with the Board's expectations. "In the first quarter, revenue was 14% ahead of last year, including a positive benefit of 8% from acquisitions and a negative impact of 2% from currency translation.  Order intake was slightly ahead of revenue. "All three sectors increased revenue and profit.  Health and Analysis is benefiting strongly from the expected contribution of recent acquisitions, whilst Infrastructure Sensors is making steady progress.  Industrial Safety continued to make good progress following a strong improvement in the last financial year. "Revenue growth in UK and Europe is encouraging and exceeds the rate of growth in the USA.  Good progress continues to be made in Asia. "Since the start of the financial year, Halma has announced the completion of two acquisitions.  In May, we acquired Kirk Key Interlocks, based in Ohio, USA for $14.7m (£9.0m) and in July we acquired AVO Photonics, based in Pennsylvania, USA for an initial consideration of $9m (£5.6m).  Both businesses are trading in line with expectations as part of our Safety Interlocks (Industrial Safety) and Photonics (Health & Analysis) businesses respectively. "There have been no material events or transactions impacting the Group's financial position, which remains strong.  We continue to increase investment in supporting organic growth and to acquire businesses which meet our strategic and financial criteria. "The half yearly results for the period ending 1 October 2011 are expected to be released on 22 November 2011."

For further information, please contact:
Halma p.l.c. Andrew Williams, Group Chief Executive Kevin Thompson, Group Finance Director	Tel: [phone]
MHP Communications Rachel Hirst/Andrew Jaques	Tel: [phone]

Notes:

1.

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.

2.

A copy of this announcement, together with other information about Halma, may be viewed on its website:  www.halma.com

 

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