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Halma PLC on Thursday raised its full-year margin outlook, although it cautioned the strength in sterling will be a negative headwind to full-year results. Amersham, England-based Halma, which makes safety equipment products, now expects an adjusted earnings before interest and tax margin modestly above 21% for the full year to March, compared to prior guidance of around 21%. Guidance for good organic constant currency revenue growth for the full year is unchanged from that given in November, the firm added. But the appreciation of sterling in the financial year is expected to have a negative currency translation effect on results, Halma said. In response, shares in Halma were 4.2% higher at 2,750.00 pence each in London on Thursday morning. Halma said it has made good progress in the second half of the financial year to date, in varied trading conditions across end markets amidst an evolving economic and geopolitical backdrop. This puts the firm on track for its 22nd consecutive year of record adjusted profit, the company said. Organic revenue growth has been supported by order intake, which remains ahead of both revenue in the year to date and the comparable period last year. Adjusted Ebit margin has benefitted from a better than expected performance across all sectors, reflecting favourable product and portfolio mix and good operational delivery. On further M&A, Halma said it continues to have a ‘healthy’ acquisition pipeline across all three sectors. This is supported by the strength of cash generation, Halma said, which provides substantial capacity for future investment. Cash conversion for the full year is expected to be strong, it added. Halma’s full-year results for the year ending March 31 will be released on June 12. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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