Halma PLC said on Thursday said its adjusted profit for the year ending in March 2023 is likely to be in line with market consensus.

The Buckinghamshire-based safety equipment manufacturer said adjusted pretax profit is likely to come in line with market expectations, which it cites as £359.9 million, within a £353.1 million and £369.9 million range. This would be a 14% increase from last year’s adjusted profit figure of £316.2 million.

Halma also noted its order book and order intake are ‘in line’ with revenue and ahead of the same year last year, while cash generation has also been substantially higher in the second half of the year.

Halma said growth has attributed to ‘good momentum on an organic constant currency basis, as well as a benefit from recent acquisitions.’

The company has made six different acquisitions in the last year, investing a record maximum total consideration of £264 million.

Shares were up 0.2% at 2,051.00 pence in London on Thursday morning.

Copyright 2023 Alliance News Ltd. All Rights Reserved.