Halma reaffirms outlook despite uncertain conditions

(Sharecast News) - Safety equipement and life-saving technology specialist Halma reiterated full-year guidance on Thursday, despite uncertain market conditions. Updating on trading, the blue chip acknowledged that its companies were facing "varied conditions" in their end markets, due to an "increasingly uncertain economic and geopolitical environment". However, despite that it had continued to make further strong progress during the second half, it said, leaving it on track to meet full-year targets.

The firm has guided for mid-teens percentage organic constant currency revenue growth.

Full-year cash conversion is also expected to support both ongoing strategic investments in organic growth and acquisitions and maintain its "strong" financial position.

"This guidance is supported by order intake, which remains ahead of both revenue in the year to date and the comparable period last year," it added.

Halma, which has completed five acquisitions in the year to date, also flagged a "healthy acquisition pipeline across all three sectors". Halma owns around 50 small-to-medium-sized businesses, focused broadly on three core markets: safety, environment - with a focus on climate change, pollution and waste - and healthcare.

Halma is scheduled to published results for the year to 31 March on 11 June.