Halma reveals new brand with a redesigned global website

24 June 2019

Halma plc, a global group of life-saving technology companies, announced today the launch of its new corporate brand, redesigned logo and global website.

“Halma’s purpose and growth strategy are dependent on us partnering with others who want to solve the same problems that we do, whether that’s researchers, charities, talent, investors or corporates. Our new brand is designed to help us achieve this, and we hope it will act as a beacon for other innovative, purpose-led organisations and people who’d like to help us in growing a safer, cleaner, healthier future for everyone, every day,” said Jennifer Ward, Halma’s Group Talent and Communications Director.

Halma partnered with design consultancy, Pentagram, to create a modern brand that reflects Halma’s purpose. The FTSE 100 global group also worked with digital communications agency, Investis Digital, to deliver a website that celebrates the unique combination of purpose, strategy, culture and a business model that differentiates Halma from its peers.

The new website provides a platform to showcase Halma’s over 40 companies and their impact on the world.

On 21 June, Halma published its 2019 Annual Report and Accounts, embodying the new brand and demonstrating some of the ways Halma is achieving its purpose.

Earlier this month, Halma reported record revenue and profit for the 16th consecutive year and the 40th consecutive year of dividend growth of five percent or more. You can read the full year results here.

Halma acquires leading Australian fire and evacuation systems company

21 June 2019

Halma has acquired Ampac, a leading fire and evacuation systems supplier in the Australian and New Zealand markets.

Founded in 1974, Ampac is headquartered in Perth, Australia, and has a strong global presence, with businesses in Australia, New Zealand and the UK.

Ampac brings strong brand equity, robust technology, and established routes to market. Its fire detection systems are highly complementary to our existing portfolio of market-leading fire companies, and its voice evacuation panels, sounders and beacons will help extend the intellectual property of our business.

The acquisition supports our strategy of growing our geographic footprint and increasing our fire system offering. Ampac is a market leader in Australia, and Halma’s Growth Enablers will help strengthen its market position, enhance its digital offering, and grow its business internationally.

The company will continue to run under its current management team and will become part of Halma’s Infrastructure Safety sector.

Andrew Williams, Group Chief Executive at Halma, commented:

“This is an exciting acquisition that extends our geographic footprint and strengthens the intellectual property of our fire detection businesses. Ampac brings a strong brand, robust technology and well-established routes to market. Its highly complementary technologies will strengthen our value proposition, and it is well positioned to benefit from Halma’s Growth Enablers.

This is a further example of our strategy to acquire regional partners to accelerate growth in our core Fire Detection markets, following our successful acquisition of Limotec in Belgium in 2018, and Advanced Electronics in the UK in 2014. We look forward to Ampac joining Halma and to working with its management team.”

Full Year Results 2018/19

11 June 2019

Record revenue and profit for the 16th consecutive year
Halma, the global group of life-saving technology companies focused on growing a safer, cleaner and healthier future, today announces its full year results for the 12 months to 31 March 2019.

Highlights

Change 2019 2018
Continuing Operations
Revenue +13% £1,210.9m £1,076.2m
Adjusted Profit before Taxation1, 3 +15% £245.7m £213.7m
Adjusted Earnings per Share2, 3 +17% 52.74p 45.26p
Statutory Profit before Taxation +20% £206.7m £171.9m
Statutory Earnings per Share +10% 44.78p 40.69p
Total Dividend per Share4 +7% 15.71p 14.68p
Return on Sales5 20.3% 19.9%
Return on Total Invested Capital3 16.1% 15.2%
Net Debt £181.7m £220.3m
  • Strong growth with Revenue up 13%, Adjusted1 profit before tax up 15% and statutory profit before tax up 20%.
  • Organic constant currency revenue growth3 up 10% for the second consecutive year, and organic constant currency3Adjusted1 profit before tax growth of 11%.
  • All four sectors grew revenue and Adjusted1 profit before tax on an organic constant currency basis3, with three out of four sectors delivering double digit increases.
  • Revenue growth in all major regions. Strong performance in the USA and the UK, with good growth in Mainland Europe and a solid performance in Asia Pacific.
  • Increased returns, with Return on Sales5 of 20.3% and ROTIC3 of 16.1%. R&D expenditure up 11%, representing 5.2% of revenue.
  • Strong cash generation, with cash conversion of 88%; and a robust balance sheet, supporting sustained investment in organic growth and acquisitions.
  • Four acquisitions and two small asset purchases completed during the financial year.
  • Proposed final dividend up 7%, the 40th consecutive year of dividend per share increases of 5% or more.

Strong cash generation, with cash conversion of 88%; and a robust balance sheet, supporting sustained investment in organic growth and acquisitions.
Four acquisitions and two small asset purchases completed during the financial year.
Proposed final dividend up 7%, the 40th consecutive year of dividend per share increases of 5% or more.

Andrew Williams, Group Chief Executive of Halma, commented:

“Halma had a successful year, achieving record revenue and profit, delivering our 40th consecutive year of dividend per share growth of 5% or more and making further increased strategic investment supported by our strong balance sheet. We have a strong purpose, culture and growth strategy focused on niches in a diverse range of markets where demand is supported by resilient long-term growth drivers, offering us both organic and acquisition growth opportunities.

The new financial year has started well, and order intake has continued to be ahead of both revenue and order intake for the comparable period last year. We expect to make good progress in the year ahead.”

Notes:

  1. Adjusted to remove the amortisation of acquired intangible assets, acquisition items, significant restructuring costs, profit or loss on disposal of operations and the effect of equalising pension benefits for men and women in the defined benefit pension plans, totalling £39.0m (2018: £41.8m). See note 1 to the Results for details.
  2. Adjusted to remove the amortisation of acquired intangible assets, acquisition items, significant restructuring costs, profit or loss on disposal of operations, the effect of equalising pension benefits for men and women in the defined benefit pension plans and the associated taxation thereon. See note 2 to the Results for details.
  3. Adjusted1 Profit before Taxation, Adjusted1 Earnings per Share, organic growth rates and Return on Total Invested Capital (ROTIC) are alternative performance measures used by management. See notes 1, 2 and 3 to the Results for details.
  4. Total dividend paid and proposed per share
  5. Return on Sales is defined as Adjusted1 profit before taxation from continuing operations expressed as a percentage of revenue from continuing operations.