Its purpose defines the three broad markets it operates in:

Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner, healthier future for everyone, every day. Oliver Hughes / Rachel Farrington / Ollie HoareĪ copy of this announcement, together with other information about Halma, may be viewed on its website: The webcast of the results presentation will be available on the Halma website later today: NOTE TO EDITORS

Adjusted 1 operating profit before central administration costs after share of associate.Ĭlayton Hirst, Director of Corporate Affairs.

See notes 1, 2 and 3 to the Results for details.

Adjusted 1 profit before taxation, Adjusted 2 Earnings per Share, organic growth rates, Return on Sales 4, ROTIC 5 and net debt 6 are alternative performance measures used by management.

Organic constant currency measures exclude the effect of movements in foreign exchange rates on the translation of revenue and profit 1 into Sterling, as well as acquisitions in the year following completion and disposals.

Net debt is defined as Borrowings plus lease liabilities net of Cash and bank balances.

Return on Total Invested Capital (ROTIC) is defined as post-tax Adjusted 1 Profit as a percentage of average Total Invested Capital.

Return on Sales is defined as adjusted 1 profit before taxation from continuing operations expressed as a percentage of revenue from continuing operations.

Total dividend paid and proposed per share, comprising interim dividend of 7.86p per share and proposed final dividend of 12.34p per share.

Adjusted to remove the amortisation and impairment of acquired intangible assets, acquisition items, profit or loss on disposal of operations and the associated taxation thereon and, in 2022, the increase in the UK’s corporation tax rate from 19% to 25%.

Adjusted to remove the amortisation and impairment of acquired intangible assets, acquisition items and profit or loss on disposal of operations, totalling £69.8m (2021/22: £11.8m).

We are well positioned to make further progress this year and in the longer term.” Based on current market conditions, we expect to deliver good organic constant currency 7 revenue growth in the year ahead, and Return on Sales 4 to increase to approximately 20%. We have a strong order book, and order intake in the year to date is broadly in line with revenue and ahead of the comparable period last year. We have made a positive start to the new financial year. At the same time, we substantially increased strategic investment to record levels, increasing our opportunities for future growth through organic investment and strategic acquisitions, while maintaining a strong balance sheet. We delivered record revenue and profit, achieving our 20th consecutive year of profit growth and our 44th consecutive year of dividend per share growth of 5% or more. “2023 was a successful year for Halma, reflecting the contributions and continued commitment to our Purpose of everyone at Halma. Marc Ronchetti, Group Chief Executive of Halma, commented:

Total dividend per share for the year up 7% 44th consecutive year of dividend growth of 5% or more.

Increased investment in technology by £7m to £18m.

R&D expenditure up by £17m to £103m, representing 5.5% of revenue.

Seven acquisitions completed in the year for a maximum total consideration of £397m two further acquisitions completed since the period end for a maximum total consideration of approximately £57m a healthy acquisition pipeline across all sectors.

Record strategic investment of over half a billion pounds to support our future growth:.

Cash conversion of 78% (90% in the second half of the year) strong balance sheet, with net debt/EBITDA of 1.38x (2022: 0.74x), underpins investment in organic growth and acquisitions.

Expect FY 2024 Return on Sales 4 to increase to approximately 20%.

Continued high returns: Return on Sales 4 of 19.5% and ROTIC 5 of 14.8%.

Broad-based revenue growth in all sectors and regions, including on an organic constant currency 7 basis Adjusted 1 profit growth in all sectors.

Statutory Profit before Taxation down 4% principally reflected in non-recurrence of a gain on disposal of £34.0m in the prior year up 8% excluding this gain.

20th consecutive year of record profit: Adjusted 1 Profit before Taxation up 14% up 3% on an organic constant currency 7 basis.

Record revenue, up 21%, and 10% on an organic constant currency 7 basis.

Record revenue, Adjusted 1 Profit, and strategic investment Environment Commitment Statement and Supplier Statement.Our sustainability approach and progress.Our markets and their long term growth drivers.

Halma plc annual report