Halma 1Q Trading In Line With Views, Rev Up 8%

29th Jul 2010 07:27

LONDON (Dow Jones)--Halma PLC (HLMA.LN), a safety, health and sensor technology group said Thursday trading since the start of the financial year has been strong and is in line with the board's expectations, and said the first quarter, revenue was 8% ahead of last year and included a positive benefit of less than 1% from currency translation. MAIN FACTS: -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 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 U.S. is good, with a lower rate of growth in Europe and the U.K. 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. -Continue to seek to invest in supporting organic growth and to acquire businesses which meet the company's strategic and financial criteria. -Shares closed Wednesday at 275 pence, valuing the company at GBP1.04 billion. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; [email protected] (END) Dow Jones Newswires July 29, 2010 02:27 ET (06:27 GMT)