Halma sees jump in 1H profit and sales, growth in all regions

by | Nov 17, 2022

Halma posted a surge in first half revenues following the acquisition of two companies, despite which the company’s net debt position remained low.
The safety equipment manufacturer said that sales jumped 19% over the six months ending on 30 September versus a year earlier, to reach £875.5m.

Adjusted earnings were up 11% to £171.7m or 35.65p per share, with strong growth reported in all sectors and regions – including in organic and constant currency terms.

On a statutory basis, profit before tax fell 13% to £145.5m and earnings per share by 15% to 30.39p.

That however was the result of a gain on a disposal during the comparable year earlier period of £34m.

Absent that gain, statutory profit rose 9%.

Net debt nearly doubled from £274.8m to £499.6m.

Three acquisitions had been carried out financial year-to-date, two of which were done in the first half, for a consideration of £238m.

Yet net debt as a proportion of earnings before interest, taxes, depreciation and amortisation stood at just 1.2 times at period end.

The interim dividend per share was hiked 7% to 7.86p.

— More to follow —

Related articles

Ryanair passenger numbers jump 9% in December

Ryanair passenger numbers jump 9% in December

(Sharecast News) - Budget airline Ryanair reported a 9% jump in December passenger numbers on Wednesday. Traffic rose to 12.54 million from 11.52m in the same month a year earlier, while the load factor - which gauges how full the planes are - ticked down to 91% from...

Wizz Are passenger numbers soar in December

Wizz Are passenger numbers soar in December

(Sharecast News) - Hungary-based budget airline Wizz Air reported a strong rise in December passenger numbers as demand continued to rebound from the Covid pandemic. The company on Wednesday said it carried 4,964,857 passengers, an 18.8% increase year on year. For the...

Trending stories

Join our mailing list

Subscribe to our mailing list to receive regular updates!

x