Halma

 

Halma is a specialist engineering company, selling a variety of sensors and safety equipment used in a wide range of industries. The products sold have small unit prices but tend to be high-margin as they are essential operating items for customers. Competition is mainly privately owned and local. The group should remain resilient in a period of sluggish economic growth. Free cash generation is high, enabling the payment of good dividends and allowing the group to be a consolidator of smaller competitors.