Designs, manufactures & markets equipment for process safety, infrastructure safety, medical and environmental & analysis. Typical products include - fire detectors, gas detectors, water treatment systems, ophthalmic instruments and machine safety systems. I have a holding in my income portfolio (epic code: HLMA).
Halma released an IMS today and stated that based on current trading and forecasts, they expect adjusted profit before tax for the full year to be within the range of £139m to £140m, current market consensus is £141m.
They mentioned that there was revenue growth in all regions and all sectors, despite the increased strength of Sterling against the US Dollar and Euro. Order books will have increased marginally as order intake has remained slightly ahead of revenue.
The guidance is only marginally short of market expectations and within the range of brokers' estimates, so I would not expect any substantial market reaction for a company with Halma's track record. It would appear from the statement that the US geographical region and the medical sector would have caused this minor miss on consensus market forecasts.
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