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Halma expects full-year adjusted pre-tax profit to be in line with market expectations

In a trading update for the period from 1 October 2017 to date, the FTSE 100-listed hazard detection and life protection technology group said order intake has remained ahead of revenue
Hazard sign
Halma added that the Asia Pacific has maintained a strong performance with good progress in the UK, USA, Mainland Europe and Other regions

Halma PLC (LON:HLMA) has said that, based on current trading and forecasts, the hazard detection and life protection technology group expects its full-year adjusted pre-tax profit to be in line with market expectations.

In a trading update for the period from 1 October 2017 to date, the FTSE 100-listed firm said order intake has remained ahead of revenue, while as the positive currency translation impact in the first half has reversed, at current rates, there is now expected to be a neutral impact for the full year.

READ: Halma says US tax changes to ‘positively impact’ 2017 and 2018 results

Halma added that the Asia Pacific has maintained a strong performance with good progress in the UK, USA, Mainland Europe and Other regions, with all sectors having traded in line with its expectations.

The group said its financial position remains strong supporting both organic growth and acquisition investment and it continues to identify potential acquisition opportunities in all four of its sectors.

It added that the integration of the Argus and Sterling combined acquisition, completed in December 2017, into its Infrastructure Safety sector is progressing well.

Halma plans to release results for the year ending 31 March 2018 on 12 June 2018.

The group also that Marc Ronchetti will succeed Kevin Thompson as its Group CFO at the end of June 2018 prior to Thompson's retirement from Halma at the end of July 2018.

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