Solid cash generation is an important aspect of Halma’s business model, helping the company deliver healthy returns to its shareholders. The guidance remains unchanged, with single-digit percentage revenue growth expected.
Halma share prices update#
Last week, the company posted a trading update and reiterated its full-year guidance numbers based on higher demand for its products and services. The company also has a good pipeline for more acquisitions this year.
The company has entered a new financial year with a strong order book and expects to continue revenue growth. Almost 80% of the companies under Halma delivered double-digit revenue growth. Pre-tax profits increased by 14% to £316.2 million. Also, this was the company’s 19 th consecutive year to post a growth in profits. This was the first time the company reached £1.5 billion in revenues. In its full-year results for 2022, the company posted a jump of 16% in revenues. After the company reported its annual results, the share prices gained some momentum again. After hitting a high point by the end of 2021, the stock tumbled and has been trading down by 34% this year. The company’s stock has been on a roller coaster ride in the last year. This gives it an edge and makes it fit for long-term investment. The company has a unique business model and operates in a niche market with less competition. Halma (GB:HLMA)owns a group of small and mid-sized companies delivering life-saving technology and innovative solutions in sectors such as healthcare, safety, and the environment – but the company’s stock is also highly attractive for dividend investors.
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