Halma now expects full-year operating margin above 21%

(Sharecast News) - Halma hailed the "good progress" made during the second half of its financial year to date, with trading conditions across its end markets described as "varied". Order intake remained ahead of revenues year-to-date and versus the year earlier period.

Halma also said that its adjusted EBIT margins had been supported by a better-than-expected performance in all three of the sectors in which it operated.

The full-year adjusted EBIT margin was now expected to be "modestly above" 21% (UBS: 21%).

Management also reiterated its forecast for "good" organic constant currency revenue growth for the full year.

-- More to follow --