Thursday 25 July 2013

Halma IMS

Halma p.l.c

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 their interim management statement today, stating that revenue during the first quarter was 13% ahead of last year including 6% organic growth at constant currency.  This compares to growth for the whole of last year of 7% and 3% for organic growth at constant currency. 
 
Order books have been increased from the year-end, with order intake at 103% of revenue. They further stated that trading since the start of the financial year has been in line with the Board's expectations.
 
A very good start to the year, from a company that rarely disappoints.

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