The small-scale power generation market based on fuel cells is now commercialised and sales of gas conditioning products are growing.
#Halma plc annual report portable
Pricing pressure, particularly in portable gas detectors, remained strong, but operational improvements ensured an increase in gross margins. We strengthened our sales routes in the US, producing record revenues and an excellent platform for future growth. Last year’s restructuring of our European gas detector sales operations delivered improved sales and profits. Gasman, a single gas detection instrument and market leader in terms of size, weight and performance, is a key new product. Gas detector profits continued to rise, supported by new product launches in the portable and fixed systems markets. Alongside new fire detector ranges, we launched new emergency evacuation products, including directional and programmable sounders, and devices to guide people out of smoke-filled buildings. This applies to all 25 member states from June 2005.Ĭontinuous product innovation is a key sales growth factor in this sector. An important recent project has been product development to satisfy the new EU Construction Products Directive. To sell fire detectors on a worldwide basis, we hold 1500 product approvals. Our businesses invest considerable time in maintaining close relations with approval and regulatory authorities.
#Halma plc annual report driver
Increasing regulatory product testing and approval is a major driver in the fire industry (and a powerful barrier to market entry). To reinforce this competitive advantage, in 2004/05 we set up technical centres in Spain, the US, Ireland, India and China. A key differentiator for our fire products companies is industry-leading customer service. This compensated for subdued sales in Central Europe.
We achieved double-digit fire detector sales growth in Eastern Europe and major increases in the Middle East, India and the Far East. Despite such market pressures, we increased market share and remain the second largest maker of commercial grade fire detectors worldwide. During 2004/05 there were many competitor acquisitions and consolidations. The fire detector market is a very competitive environment mostly dominated by large multinationals. Our businesses in the Fire and Gas sector achieved record sales during 2004/05, with profits slightly ahead. During 2004/05 our Fire and Gas sector companies produced 25% of Group turnover and 33% of operating profit*. The principal sales channels for fire detectors are distributors and fire alarm installers gas detector customers range from lone contractors to multinationals. We also make specialist products for conditioning gas samples. Our gas detectors safeguard the lives of industrial workers by alerting them to the presence of toxic or explosive gases. Now sold in 80 countries, our fire detectors protect people and buildings from the risk of fire.
Our products warn people of imminent danger and give them time to escape. We are world leaders in sensors that detect life-threatening fire and gas hazards. Safety | Resistors | Optics and Specialist Halma plc - Annual Report 2003 - Operating Review Halma Annual Report 2005įire and Gas | Water | Elevator and Door Safety | Process
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