![]() Marc Ronchetti, Group Chief Executive Designate and Chief Financial OfficerĬlayton Hirst, Director of Corporate Affairsġ. See note 9 to the Condensed Interim Financial Statements for details. Cash conversion is defined as adjusted operating cash flow as a percentage of adjusted operating profit.Maximum total consideration is on a cash- and debt-free basis.Defined as the average of the Return on Sales reported in the five first half years prior to the COVID pandemic (19.3%).See notes 2, 6 and 9 to the Condensed Interim Financial Statements for details. Adjusted 1 Profit before Taxation, Adjusted 2 Earnings per Share, organic growth rates, Return on Sales and ROTIC 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 Adjusted Profit 1 into Sterling, as well as acquisitions in the year following completion and disposals.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. ![]() See note 2 to the Condensed Interim Financial Statements for details. Adjusted to remove the amortisation of acquired intangible assets, acquisition items, significant restructuring costs, profit or loss on disposal of operations and the associated taxation thereon.Adjusted to remove the amortisation of acquired intangible assets acquisition items significant restructuring costs and profit or loss on disposal of operations, totalling £26.2m (2021/22: £(12.6)m).The operational environment presents both challenges and opportunities we remain on track to make further progress in the second half of the year, and deliver another good full year performance.” Our Sustainable Growth Model continues to enable our success in varied market conditions, demonstrating the value of the diversity and global reach of our portfolio, our strong purpose and culture and our agile business model. ![]() Order intake remained ahead of both revenue and the very strong order intake in the comparable period last year. Our order book is exceptionally strong, having grown from the record level seen at the start of the year. We saw strong demand for our companies’ products and services in the period. We maintained a strong balance sheet, while further enhancing our growth opportunities through increased strategic investment to support future growth, both organically and through acquisitions. We delivered record revenue, Adjusted 1 Profit and interim dividend, with growth in all sectors and regions. “Halma made further good progress in the first half.
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