Halma PLC (LSE:HLMA)'s first-half trading update shows the safety products manufacturer is as “solid as ever” despite the negative impacts of currency headwinds, Stifel analysts today stated. FTSE 100-listed Halma cautioned that negative effects of a strong pound sterling will “continue in the second half of the year”, but encouraging organic constant-currency revenue growth and adjusted EBIT guidance have kept City analysts in good spirits.
Safety products maker Halma PLC (LSE:HLMA) has cautioned that a strong pound sterling is a persistent headwind for the FTSE 100-listed group. “The appreciation of sterling is having a negative currency translation effect on the group's results; we expect this effect to continue in the second half of the year,” management said in a Thursday trading update.
Halma PLC (LSE:HLMA), the safety products conglomerate, is due to provide a second-quarter update on Thursday 26 September, following a good report for its previous fiscal year – although that was back in June. Progress in its latest year included 10% revenue growth for the 12 months to 31 March, making the 21st consecutive year of growing revenue and profit, while also listing the top line above £2 billion for the first time.
Halma reported strong results for fiscal 2024, despite a challenging macroeconomic environment. In this update, I discuss Halma's latest results, highlight some aspects underlying the company's long-term success, and provide an updated valuation. Halma stock, which is virtually always expensive, is even more expensive than its current P/E ratio suggests.
Halma plc (OTCPK:HLMAF) Q4 2024 Earnings Conference Call July 13, 2023 3:30 AM ET Company Participants Marc Ronchetti - Group Chief Executive Steve Gunning - CFO Conference Call Participants Jonathan Hurn - Barclays Rory Smith - UBS Max Yates - Morgan Stanley Bruno Gjani - BNP Paribas Exane Stephan Klepp - HSBC Marc Ronchetti Good morning, and welcome to our Full Year '24 Results Presentation. It's great to be here to present another strong set of results.
Halma made good progress in its latest year said broker Shore Capital, with record revenue/profit for the 21st consecutive year. Importantly, Halma continues to see good organic momentum and has made a positive start to the current year with a strong order book (Shore Cap believes 8-10+ weeks/visibility).
Halma PLC (LSE:HLMA) shares have lifted 6% at the open after it announced another year of record profits and sales, leading it to raise its dividend for the 45th year in a row. Annual pre-tax profits jumped 10% to £396.4 million for the year to March end, having risen from £361.3 million the year prior.
Will FTSE 100-listed safety equipment company Halma PLC (LSE:HLMA) deliver its 45th consecutive 5%-plus dividend increase in its upcoming full-year earnings print? The 130-year-old Amersham-based group may not be among the sexiest of the blue-chip index's constituents, but its investment thesis is airtight.