Showing the high value we generate from our tangible asset base. Group over many years, but significantly this has once again been coupled with good organic These high returns have been a feature of the The strong cash flow which comes from them.
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An important part of our strategy is the delivery of excellent returns and In the year we again achieved very good organic growth and at the same time maintained A continued trend of strong margins and returns Resumption of strong growth The US/UK/Mainland Europe grew by a further 20% as we expand our geographic coverage. Resources into this region to capture the opportunity there. Was more modest although sales to China grew by 26% from a low base. The UK assisted by the addition of the Tritech business. The majority of the European increase coming organically.
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Middle East, Infrastructure Sensors performed very well, as it did in Mainland Europe, with With Infrastructure Sensors not yet making as strong progress. In the US our Health and Analysis and Industrial Safety businesses showed solid growth The following table gives revenue fromĬontinuing operations by destination. There was widespread geographic growth in revenue. Sector performances are discussed further below. Return on sales* for each sector remained firmly in Revenue by 9% and 7% in terms of profit*, above our target of 5% growth and following on from Underpinned by the higher investment made last year. The strong performance of Infrastructure Sensors, our largest sector, was Infrastructure Sensors and Industrial Safety sectors both grew revenue and profit by more Sector figures, moving our Asset monitoring business into the Industrial Safety sector andĭetails of the change are given in note 1. We have made a minor reclassification within our A year of good further progress.Īs noted above there were disposals last year but none this year and so the comparativeįigures are for continuing operations only. On a statutory basis and up 14% on our adjusted* basis. See below for more detail on currency impacts.
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There was a notable currency headwind through the yearĪnd without that organic revenue and profit growth would have been 2.3% and 2.5% higher Operations, excluding the disposals made in the prior year, was 14% higher and was also a record.Īdjusting for the extra profit which came with acquisitions gives organic growth* of 8.1% in Profit before tax andĪmortisation of acquired intangibles at £66.1 million (2006: £58.1 million) on our continuing (2006: £310.8 million), an increase of 14% over the prior year. We achieved our highest ever revenue from continuing operations at £354.6 million Financial Review A strong performance with widespread growth Record revenue and profit