Haynes Publishing Group PLC Trading Statement (9101P)
June 01 2018 - 1:00AM
UK Regulatory
TIDMHYNS
RNS Number : 9101P
Haynes Publishing Group PLC
01 June 2018
Haynes Publishing Group P.L.C.
2018 Trading Update
Haynes Publishing Group ("Haynes" or "the Group") is pleased to
announce a trading update for the financial year ended 31 May
2018.
The Group is on target to report adjusted profit before tax
(excluding adjusting items and acquired intangible amortisation) up
c. 10% from the prior year and ahead of current market forecasts by
c. 7% for the year ended 31 May 2018.
The net impact of adjusting items is expected to increase
reported profit before tax by c. GBP0.6 million to leave the Group
approximately 30% ahead of the prior year.
As reported at the interim results in January, the changes to
the US federal tax rate will reduce the US net deferred tax assets
and liabilities by c. GBP0.8 million. Therefore, Group profit after
tax and adjusting items will be c. 5% lower than the prior
year.
The Group will be announcing its full year results for the
financial year ended 31 May 2018 on 5 September 2018.
Eddie Bell, Group Chairman, said:
"I am pleased to report that the Group's performance is tracking
ahead of market forecasts.
Our focus remains on the delivery of content, data and solutions
for our local and global partners. To maintain the current
momentum, Haynes will continue to invest in our people and
technology to ensure we provide reliable, accurate and valuable
information."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
Enquiries:
Haynes Publishing Group P.L.C. +44 1963 442009
E Bell, Group Chairman
J Haynes, Chief Executive Officer
Investor Contact: Panmure Gordon (UK) Limited +44 20 7886 2500
James Stearns
Media Contact: New Century Media +44 20 7930 8033
Catherine Hems
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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