LONDON (ShareCast) - (Sharecast News) - Life-saving technology company Halma said on Thursday that it had made "strong progress" in the first half, leading the group to increase its full-year revenue guidance.
Halma continues to expect "low double digit" organic constant currency revenue growth for the year ending 31 March 2026, compared to its previous guidance of upper single digit growth, while adjusted EBIT margins were expected to be "modestly above" the middle of its 19-23% target range.

The FTSE 100-listed firm stated that its "strong underlying cash generation and robust financial position" was supporting continued strategic investment in future organic growth, as well as providing capacity to fund acquisitions.

In the first half of the year, Halma expects cash conversion to reflect incremental growth investment in working capital as well as capital investments across the group, while FY cash conversion was expected to be more in line with its KPI of 90%.

Halma added that its M&A pipeline remained active, with two acquisitions completed so far this financial year for a total consideration of £130.5m. It also confirmed the disposal of AAI, which generated £10m in proceeds, net of disposal costs.

"We have made strong progress in the first half of this financial year, against a backdrop of varied market conditions and a challenging economic and geopolitical environment," said Halma.

"Our continued delivery of strong, compounding growth and returns reflects the benefits of our sustainable growth model, including our participation in diverse markets whose growth is supported by long-term drivers, the exceptional talent in our companies, and the autonomy we give our companies and people to respond rapidly to changing market conditions."





Reporting by Iain Gilbert at Sharecast.com

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE