Halma (HLMA)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 100

2,368.00p
   
  • Change Today:
      32.00p
  • 52 Week High: 2,498.00
  • 52 Week Low: 1,810.50
  • Currency: UK Pounds
  • Shares Issued: 379.65m
  • Volume: 927,873
  • Market Cap: £8,990m
  • RiskGrade: 112

Halma reports record first-half results

By Michele Maatouk

Date: Thursday 18 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Halma posted record first-half results on Thursday amid strong growth across all sectors and it backed its full-year expectations as it forecast more typical rates of revenue growth in the second half of the year.
In the six months to 30 September, adjusted pre-tax profit rose 27% to £154.9m, with revenue 19% higher at £737.2m. The interim dividend was lifted 7% to 7.35p a share.

Halma hailed strong growth across all of its sectors and major regions. It said the jump in revenue reflects a substantial recovery in demand in those end markets most impacted by lockdowns in the first half of last year, while profit benefited from robust gross margins and a slower-than-expected return in variable overhead costs.

The USA remains the company's largest sales destination and contributed 38% of total revenue. Revenue rose 10%, or by 19% on an organic constant currency basis, with all sectors delivering a strong organic constant currency performance, Halma said.

Chief executive Andrew Williams said: "Halma made strong progress in the first half, delivering record revenue, profit and interim dividend, with substantial growth compared to both the first half of last financial year and 2019/20.

"Our full year outlook is unchanged, despite variable overhead costs returning and continued impacts on revenue, costs and working capital from increased supply chain, logistics and labour market disruption. In the second half of the year, we expect more typical rates of revenue growth and return on sales, with the latter more in line with historical levels."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Halma Market Data

Currency UK Pounds
Share Price 2,368.00p
Change Today 32.00p
% Change 1.37 %
52 Week High 2,498.00
52 Week Low 1,810.50
Volume 927,873
Shares Issued 379.65m
Market Cap £8,990m
RiskGrade 112

Halma Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.55% below the market average89.55% below the market average89.55% below the market average89.55% below the market average89.55% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
60.46% above the market average60.46% above the market average60.46% above the market average60.46% above the market average60.46% above the market average
79.49% above the sector average79.49% above the sector average79.49% above the sector average79.49% above the sector average79.49% above the sector average
Income
71.25% below the market average71.25% below the market average71.25% below the market average71.25% below the market average71.25% below the market average
85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average
Growth
8.15% below the market average8.15% below the market average8.15% below the market average8.15% below the market average8.15% below the market average
23.53% above the sector average23.53% above the sector average23.53% above the sector average23.53% above the sector average23.53% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 11
Sell 1
Strong Sell 1
Total 15
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Halma Dividends

  Latest Previous
  Interim Final
Ex-Div 21-Dec-23 13-Jul-23
Paid 02-Feb-24 18-Aug-23
Amount 8.41p 12.34p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 745,518 @ 2,368.00p
16:35 444 @ 2,368.00p
16:35 320 @ 2,368.00p
16:35 6,563 @ 2,368.00p
16:35 1,686 @ 2,368.00p

Halma Key Personnel

CEO Marc Ronchetti
Chair Dame Louise Makin
CFO Steve Gunning

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