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Trading statements

Halma on track

23 March 2017 07:59

Halma said it expected adjusted profit before tax for the year ending 1 April to be in line with market consensus, based on current trading and forecasts.

Halma said it continued to benefit from the diversity of its markets and resilient growth drivers and order intake remained ahead of revenue.

A trading update said: "The group's financial position remains strong.

"In November 2016, we increased our revolving credit facility to £550 million from £360 million for five years to 2021.

"This, together with our continued strong cash flow and the $250m US private placement drawn down in January 2016, gives us significant financial resources to achieve our growth objectives."

Story provided by StockMarketWire.com

Related Company: HLMA

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