Halma (LON: HLMA) shares are up 2.5% on Thursday, extending Wednesday’s 2.2% gain, as investors reacted positively to the company’s latest trading update.
With the stock down over 6% in the past month and 3.9% lower in the last week amid the general market downturn, investors are looking for a bounce.
The company reported good progress in the second half of its financial year, with organic revenue growth supported by strong order intake.
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Halma, which makes products for hazard detection and life protection, said it remains on track to deliver a 22nd consecutive year of record adjusted profit.
The adjusted EBIT margin is now expected to be modestly above 21%, slightly ahead of previous guidance of around 21%.
The company credited favourable product and portfolio mix, as well as strong operational performance, for the improved margin outlook. Guidance for organic constant currency revenue growth remains unchanged from November’s forecast.
Halma also highlighted a strong acquisition pipeline, having completed seven acquisitions so far this year with £158 million invested.
The company said its healthy cash generation supports further investments while maintaining a solid financial position.
CEO Andrew Williams reiterated confidence in Halma’s long-term growth strategy, despite challenging economic and geopolitical conditions. Meanwhile, CFO-designate Carole Cran is set to take over from Steve Gunning on 1 April 2025.
Halma will report full-year results on 12 June 2025.
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