Halma achieves record annual revenue

12th Jun 2014 07:22

- Revenue rises 9%- Pre-tax profit up 9%- Dividend raised 7%Halma reported record annual revenue as the safety, health and environmental technology group achieved growth across all its sectors.Adjusted pre-tax profit climbed 9% to £140.2m in the year ended March 29th 2014, and revenue rose 9% to £676.5m.The company said it had strong growth in the Medical division, supported by prior year acquisitions, and made progress in the Process Safety and Infrastructure Safety businesses. The Environmental and Analysis showed improved performance, as the final phase of restructuring was on track. The firm also performed strongly across all major geographic regions. The Asia Pacific was up 11%, US up 10%, Europe up 8% and the UK up 11%. The group raised its dividend by 7% to 11.17p. "We achieved revenue and profit growth in all four of our business sectors and in all four major geographic regions even though market conditions were variable," said Chief Executive Andrew Williams."We expect this varied trading environment to continue, providing both opportunities and challenges including a currency headwind resulting from the increased strength of Sterling. Our ongoing investment in new products, people development and international expansion will continue to open up new market niches and applications for our businesses. "Our proven ability to achieve organic growth and regularly complete good quality acquisitions gives us confidence that Halma will make further progress in the year ahead."RD