Halma posts H1 strong order intake, trading in line

23rd Jul 2015 10:41

(ShareCast News) - Health and safety technology group Halma said it continued to achieve organic revenue growth during the first quarter of the financial year thanks to order intake and a favourable currency impact.The company said its order intake has been ahead of revenue and it enjoyed a positive currency impact during the three months ended 4 July 2015, which is expected to drive the group's full-year results in line with its forecasts.Halma acquired Value Added Solutions for £3m in May, which is expected to help its medical sector.It added it continues to identify potential acquisition opportunities according to its financial and strategic criteria.N+1 Singer maintained its 'sell' recommendation. The broker said: "As we have said previously, valuation is always the moot point with Halma".Halma's full-year results will be released in November. Shares rose 0.79% to 762.5p on Thursday at 09:53.