Halma lifted by year-end news

FTSE 100 health and safety equipment manufacturer Halma (LON:HLMA) saw its share price climb by 2.97% to 2,153p (as of 13:00 BST) after it said it expects adjusted pre-tax profits to be between £265 and 270 million for the year ended 31st March. Revenues for the period were around £1,330 million. Management said that they have taken action to reduce costs and expect that the pandemic will be a net negative for their markets in the 2021 financial year.

Chairman Andrew Williams commented: “Through this current challenging period, many of our companies are demonstrating how they are living Halma’s purpose of ‘growing a safer, cleaner, healthier future for everyone, every day’, by supporting the fight against COVID-19 directly and indirectly.

“Our agile business model, strong positions in markets with long-term growth drivers and the talent and dedication of our people are expected to ensure that we will perform relatively resiliently in the short term and be well positioned to resume growth as markets recover“.