Halma on track for targets

Environmental technology health and safety group Halma said based on current trading and forecasts, it expects adjusted profit for the full year to be in line with market expectations.

Environmental technology health and safety group Halma said based on current trading and forecasts, it expects adjusted profit for the full year to be in line with market expectations.

In an update ahead of its results for the year ending March 30th, the group said regional and sector trading patterns reported for the first six months of the financial year have been maintained.

Across its geographical regions good growth has continued in the US and Asia whilst tougher trading conditions remain in the UK and Europe.

Its Industrial Safety sector performed strongly while Health & Analysis was boosted by recent acquisitions. Good performances in Health Optics and Fluid Technology offset weakness in Photonics.

Elsewhere Infrastructure Sensors made solid progress with the expected improvement in Elevator Safety and softer trading in Automatic Door Sensors.

"This financial year we have made five acquisitions and one disposal. All acquisitions, including MicroSurgical Technology and Longer Pump, which were acquired in December 2012 and January 2013 respectively, are trading well and in line with our expectations," the group said in a statement.

"We have maintained strong returns and achieved good cash generation, which provide us with the financial capacity for further acquisitions and investment. We continue to search for opportunities across all of Halma's market sectors."

Halma said there have been no material events or transactions impacting the group's financial position, which remains strong.

CJ

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