Safety equipment giant Halma posts record annual profit as growth continues
Safety equipment maker Halma has posted a record jump in annual profit after sales surged during the pandemic.
The FTSE 100 firm saw its adjusted pre-tax profit for the 12 months to March leap four per cent to £278.3m, while its return on sales shot up 21 per cent.
Revenue edged two per cent lower to £1.31bn but total dividend per share rose seven per cent to 17.65p.
Halma said they had made a similarly solid start to 2021, with order intake ahead of the same period last year and a good pipeline of potential acquisition opportunities ahead.
Following the full year results, shares in Halma shot up 1.5 per cent as markets opened.
The strong set of results represented an eighteenth consecutive year of growth for Halma and the company is confident in their progress during 2021.
“For 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,” said Andrew Williams group CEO of Halma.
“We currently expect to deliver full year low double-digit percentage organic constant currency profit growth and a more normal level of return on sales. We look forward to making further progress, in this year and the longer term.”