![]() We look forward to making further progress, in this year and the longer term.” We currently expect to deliver full year low double-digit percentage organic constant currency profit growth (prior to any IAS 38 impact 8) and a more normal level of return on sales. We have made a good start to the year, order intake is currently ahead of revenue and the same period last year, and we also have a good pipeline of potential acquisition opportunities. Organic constant currency revenue for the period from the beginning of January to the end of May is up 10% year-on-year. Our progress has also been supported by our teams’ relentless execution across all parts of our business, and our resilience which stems from the diversity of our market niches, their fundamental growth drivers, and the value of the solutions we provide.įor the year ahead, we expect our markets to continue to recover, albeit at varying rates, while acknowledging that there are potential headwinds including currency, inflation, and supply chain constraints. Together, they have enabled us to make further progress during the ongoing global pandemic, giving us an agility which has been crucial in allowing us to address short-term challenges while simultaneously investing for a fast-changing future. The combination and interaction of these elements has created increasing value for all stakeholders on a sustainable basis for almost 50 years. It underpins our growth strategy, financial model, culture and organisational design. “Halma’s purpose is to grow a safer, cleaner, healthier future, for everyone, every day. Announced a new sector organisation from April 2021 to better align Halma’s operations and reporting with its purpose and focus on the safety, environmental and health markets.Īndrew Williams, Group Chief Executive of Halma, commented:.Dame Louise will succeed Paul Walker as Chair at our AGM in July 2021. Appointed Dame Louise Makin as Chair Designate and Dharmash Mistry as non-executive Director.Made new public commitments including: paying a Real Living Wage across UK operations from 1 June 2022 signing the Change the Race Ratio charter and disclosing for the first time the gender pay gap in our UK and US operations.Set a 1.5 degree-aligned 2030 target for Scope 1 & 2 emissions and a target to achieve net zero Scope 1 & 2 emissions by 2040.Increasing our impact: new Sustainability Framework to amplify our positive impact from purpose-aligned growth and focus our efforts on the most material areas both for Halma and its stakeholders.Accelerated planned technology investments to support our companies’ growth, including operational IT and digital product development projects.No balance sheet support requested or provided from the UK Government or our other stakeholders.Total employee numbers at end March 2021 unchanged from end March 2020. Self-financed an employee furlough programme without accessing the UK Government’s employee support scheme.Operational and Sustainability Highlights Total dividend 4 per share for the year up 7%, the 42 nd consecutive year of an increase of 5% or more.Strong balance sheet and significant liquidity supporting value-enhancing acquisitions and an increased dividend.Rebound in M&A activity since the start of the second half, with a healthy pipeline and momentum continuing into the new financial year.Impressive cash generation: cash conversion of 104%, driven primarily by good working capital control. ![]() Continued investment in future growth: R&D expenditure at 5.3% of revenue.Strong returns: Return on Sales 3,5 of 21.1% and ROTIC 3 of 14.4%.Robust revenue performance in all major regions: Asia Pacific slightly up including double digit growth in China the USA and Mainland Europe stable a small decline in the UK.Organic constant currency 3,7 revenue down 6%, with an 11% decline in the first half improving to a flat performance in the second half.Revenue down 2%, with a 5% decline in the first half improving to 2% growth in the second half.Three out of four sectors grew profit on a reported basis two on an organic constant currency 7 basis.Record profit: Adjusted 1 profit before tax up 4% organic constant currency 3,7 profit up 1% statutory profit before tax up 13%, including a £21.6m gain on disposal of Fiberguide Industries.Halma, the global group of life-saving technology companies focused on growing a safer, cleaner and healthier future, today announces its full year results for the 12 months to 31 March 2021. Environment Commitment Statement and Supplier Statement.Our sustainability approach and progress.Our markets and their long term growth drivers. ![]()
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