Halma trading in line

30th Jul 2009 08:58

Health and sensor group Halma said trading during the first quarter of the financial year has been in line with expectations.Weekly revenues are averaging 3% below prior year levels but order intake has been slightly ahead of revenue in absolute terms.The group said Health and Analysis is showing signs of improved performance, with increased profitability in the Photonics.As expected, Infrastructure Sensors and Industrial Safety have continued to experience relatively weaker market conditions, particularly in the UK.Product margins remain strong across all three sectors, it said."The Group continues to operate well within its banking covenants and there have been no material events or transactions impacting the Group's financial position, which remains strong," said the group.It added that it continues to look for acquisition opportunities in its existing markets.