Buckinghamshire's Halma delivers record revenue and profit in fiscal 2024
Shares in Buckinghamshire-headquartered healthcare and environmental technology group Halma jumped in London last week after the company unveiled record profit for the 21st consecutive year.
Reporting full-year results for the 12 months to end-March, the company said fiscal 2024 had been "another successful year", which saw record revenue and profit, with continued high returns.
Adjusted profit before tax came in at £396.4 million, up 10% from the £361.3 million seen for the year-earlier period on revenue of £2.03 billion - also up 10 per cent.
The total dividend per share for the year was up over 7 per cent, and the 45th consecutive year of dividend growth of 5 per cent or more, the firm noted.
Marc Ronchetti, the group chief executive, said: "Strong cash generation enabled us to make substantial investments in opportunities for future growth, while maintaining a strong balance sheet.
"This success in varied market conditions reflected the commitment of our people to delivering our purpose, the benefits we derive from our Sustainable Growth Model, and the long-term drivers that underpin growth in our diverse portfolio.
"We have made a positive start to the new financial year. Our order intake in the year to date is ahead of both revenue and the comparable period last year.
"We expect to deliver good organic constant currency revenue growth in the year ahead, and an adjusted EBIT margin of around 21%, in the middle of our target range," he said.
Ronchetti added the company remained "well positioned to make further progress this year and in the longer term".
