Half Year 2023 Halma PLC Earnings Call Transcript

Nov 17, 2022 / 08:30AM GMT
Andrew John Williams - Halma plc - Group CEO, Member of Executive Board & Executive Director

Good morning, and welcome to our half year results presentation. I'm very pleased to report that Halma made good progress in the first half of the year, delivering strong growth and clearly demonstrating the enduring power of our Sustainable Growth Model.

We delivered record revenue, profit and dividends, and not only delivered substantial growth against the strong first half last year, but also further sequential growth in both revenue and profit against the second half of last year. Our growth was broad-based. We had revenue growth in all regions and revenue and profit growth in all 3 of our sectors.

We also delivered strong return on sales while increasing our strategic investment to enhance our future growth opportunities. This included 2 acquisitions and organically a substantial increase in investment in R&D, as well as operationally in increasing inventories to drive revenue growth, and also mitigate any supply chain risk. And we've got good momentum going into 2023. The strong

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