In the six months to the end of September, revenue jumped 9% to £950.5m and adjusted pre-tax profit was up 3% at £177.5m. Halma reported record first-half profit and revenue and said it was on track to deliver full-year 2024 adjusted pre-tax profit in line with analyst expectations. "In this context, adjusted operating profit would be towards the lower end of the current consensus range (£552m-£668m)," it said. "If the weaker demand continues, we are unlikely to achieve our previously stated revenue guidance for FY24," it said in its interim results.Ĭurrent guidance points to low double-digit growth in full-year revenues for the year ending March 2024. Andrew Williams, Group Chief Executive of Halma, commented: Halma’s purpose is to grow a safer, cleaner, healthier future, for everyone, every day. The company said that while it is confident in its medium and long-term targets, it hasn't been immune to the wider challenging market conditions that have already hit a number of major players, including Kering, Hermès and LVMH. Announced a new sector organisation from April 2021 to better align Halma’s operations and reporting with its purpose and focus on the safety, environmental and health markets. On the corporate front, there was another avalanche of releases, with Aviva, Burberry, Halma, Melrose, Crest Nicholson and Premier Foods among those reporting.īurberry warned that the slowdown in luxury demand is having an impact on current trading and could affect full-year sales. And the pricing suggests that there is a higher chance for a rate cut in the Fed's May meeting, than not." There is more than a quarter of a chance for a rate cut to be announced by March. They are 100% sure that the Fed won't hike rates in January. "At this point, investors are 100% sure that the Fed won't hike rates in December. "The sweet mix of the recent economic data backs the idea that the Federal Reserve (Fed) could achieve what they call a 'soft landing' following an aggressive monetary policy tightening - and more importantly stop hiking the interest rates. Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said: "Yesterday was about digesting Tuesday's softer-than-expected US CPI data, feeling relieved that the US Senate passed a stopgap spending bill to avert a government shutdown and welcoming a softer-than-expected producer price inflation, and a softer-than-expected decline in US retail sales -which came to support the idea that, yes, the US economy is probably slowing but it is slowing slowly, while inflation is easing at a satisfactory pace. The FTSE 100 was called to open around 20 points lower at 7,467. To drive further growth, Aldous will build and lead an M&A team dedicated to the Asia Pacific region and will form a Halma APAC board to focus on opportunities across the three sectors that Halma operates in.(Sharecast News) - London stocks were set to fall at the open on Thursday following recent gains on the back of softer-than-expected UK and US inflation data. Three quarters of those companies have operations in the Asia Pacific region, generating 17%* of Halma’s global revenues.Īldous joined Halma in April 2020 and moves from his previous role as one of the company’s Medical Divisional Chief Executives. Halma owns nearly 50 companies across three sectors: Safety, Environmental & Analysis and Medical. This will include seeking new M&A opportunities and growing Halma’s existing companies in the region. Reporting to Group Chief Executive Andrew Williams, Aldous will lead Halma’s growth in China and the wider region. Halma, the FTSE 100 global group of life-saving technology companies, today announces the appointment of Aldous Wong as President of the Asia Pacific region. Halma appoints President for the Asia Pacific region Environment Commitment Statement and Supplier Statement.
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