Halma plc AGM/Interim Management Statement 25 July 2013 Halma, the leading safety, health and environmental technology group is holding its 119th AGM later today and makes the following Interim Management Statement relating to the period 31 March 2013 to date, with the figures below relating to the first quarter's trading. Trading since the start of the financial year has been in line with the Board's expectations. Revenue during the first quarter was 13% ahead of last year including 6% organic growth at constant currency. Order intake was 103% of revenue. We continue to increase investment in R&D resources, people development and the expansion of our global footprint to support organic growth. Revenue growth was achieved in all major regions, with good organic growth in Mainland Europe and Asia Pacific, the latter supported by a continued strong performance in China. Organic growth rates were lower in the UK and the USA. Our Process Safety and Medical sectors performed well whilst Infrastructure Safety has continued to grow steadily. Environmental & Analysis has traded in line with expectations. The reorganisation of certain Photonics and Water businesses in this sector is progressing well. This will be completed by the end of 2013 and reorganisation costs will be in line with our previous estimate of £1m. There have been no material events or transactions during the period impacting the Group's financial position, which remains strong. We continue to identify potential acquisition opportunities which meet our strategic and financial criteria. The half yearly results for the period ending 28 September 2013 are expected to be released on 19 November 2013. |