Hayward Tyler Group PLC Notice of interim results & trading update (9994M)
October 20 2016 - 1:00AM
UK Regulatory
TIDMHAYT
RNS Number : 9994M
Hayward Tyler Group PLC
20 October 2016
20 October 2016
Hayward Tyler Group plc
("Hayward Tyler", the "Company" or "Group")
Notice of unaudited interim results, trading update and analyst
briefing
Notice of Results
Hayward Tyler Group plc (AIM: HAYT), the specialist engineering
group, announces that the Group's unaudited results for the six
months ended 30 September 2016 will be published on Tuesday, 15
November 2016.
Trading Update
At the time of the results for the year to 31 March 2016, the
Group indicated that the performance in FY2017 would be strongly
weighted to the second half of the year. This expectation remains
with the Group confident in meeting market expectations of revenues
of around GBP80 million for the full year.
Revenue in 1H2017 was GBP22.5 million (1H2016: GBP21.8 million)
driven by an opening order book(1) and order intake(2) in 1Q2017.
Order intake in the first half was GBP25.4 million (1H2016: GBP26.6
million) resulting in an order book of GBP48.0 million as at 30
September 2016 (At 31 March 2016: GBP36.1 million).
The revenue in 1H2017 is expected to result in the Group making
an operating loss for the half year in the region of GBP5.5
million. Management is positive in the Group's ability to meet full
year market expectations based on its strong pipeline of
opportunities, recent improved levels of order intake, increased
order book and reduced lead times from operational improvements
that shorten the revenue cycle.
1 Order book represents contracts that had yet to be shipped to
customers as at a reporting date
2 Order intake represents contracts for which purchase orders
were received from customers in a reporting period
Analyst briefing
An analysts' briefing will be hosted by the management team at
10.00am, Tuesday 15 November, at the offices of Buchanan, 107
Cheapside, London, EC2V 6DN. Analysts who wish to attend should
contact Buchanan by email at: haywardtyler@buchanan.uk.com to
register.
Enquiries:
Hayward Tyler Group plc
Ewan Lloyd-Baker, Chief Executive Tel: +44 (0)1582
Officer 731144
Nicholas Flanagan, Chief
Financial Officer
----------------------------------- ----------------------
FinnCap Limited - NOMAD &
Broker Tel: +44 (0)20 7220
Matt Goode - Corporate Finance 0500
Emily Watts - Corporate Finance
Tony Quirke - Corporate Broking
----------------------------------- ----------------------
Buchanan Tel: +44 (0)20 7466
Charles Ryland 5000
Chris Judd
Jane Glover
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About Hayward Tyler Group plc
-- The Hayward Tyler Group plc ("HTG") consists of the Hayward
Tyler and Peter Brotherhood engineering businesses, together
providing 350 years of engineering experience, heritage and
pedigree.
-- Hayward Tyler is a market leader in the design, manufacture
and servicing of performance-critical motors and pumps for the
harshest of environments.
-- Peter Brotherhood is a market leader in the design,
manufacture and servicing of performance-critical steam turbines,
compressors, gear boxes and combined heat and power systems.
-- HTG services the Power, Oil & Gas, Nuclear, Process,
Renewables and Marine markets, via its 500 strong workforce, from 7
sites strategically located across the globe.
www.htg.global
This information is provided by RNS
The company news service from the London Stock Exchange
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