Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHYNS.L Regulatory News (HYNS)

  • There is currently no data for HYNS

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Interim Management Statement

19 Apr 2010 07:00

RNS Number : 3601K
Haynes Publishing Group PLC
19 April 2010
 



HAYNES PUBLISHING GROUP P.L.C. ("the Haynes Group")

Interim Management Statement

Quarter 3 - 13 weeks to 26 February 2010

 

 

Third quarter trading and business highlights

 

Haynes Group revenue, on a like for like basis (excluding revenue from the UK print operation sold in February 2009) ended the third quarter overall very much in line with the prior year.

 

Sales in the UK and Europe continued the trend of the first six months tracking ahead of last year. In the UK, sales of automotive manuals ended the 13 week period 10% ahead of the prior year and a strong seasonal publishing programme helped increase revenue in the Haynes Book Division by 21%. While in Holland, revenue in Vivid during the 13 week period was 12% ahead of last year.

 

In the US, market conditions continue to adversely influence sales with revenue in local currency ending the quarter 4% down on the prior year. Nevertheless, this time last year we were reporting sales during the third quarter down 12% and more recently at the half year down 6% against the prior year.

 

During the second six months of last year the value of Sterling weakened significantly against the US Dollar which benefitted the Group from both a revenue and profit perspective. Whilst we expect to see a small benefit again this year, it is unlikely to be to the same extent

 

During the period there has been no major capital expenditure or disposals. Accordingly, there has been no significant change in the financial position of the Group to that reported at our half year ending 30 November 2009.

 

The Haynes Group will report the results of its 4th quarter trading and its preliminary results for the financial year ending 31 May 2010 on 26 August 2010.

 

Cautionary Statement :

This report contains certain forward-looking statements with regards the financial condition and results of the operations of Haynes Publishing Group P.L.C. These statements and forecasts involve risk factors which are associated with, but are not exclusive to, the economic and business circumstances occurring from time to time in the countries and sectors in which the Group operates. These forward-looking statements are made only as at the date of this announcement. Nothing in this announcement should be construed as a profit forecast. Except as required by law, Haynes Publishing Group P.L.C. has no obligation to update the forward-looking statements or to correct any inaccuracies therein.

 

 

Enquiries :

Haynes Publishing Group P.L.C.

John Haynes OBE, Chairman

01963 442009

Eric Oakley, Group Chief Executive

01963 442009

Smith & Williamson Corporate Finance Limited

Barrie Newton

0117 376 2117

 

 

Background to the Haynes Group

 

Haynes Publishing Group P.L.C. is the worldwide market leader in the production and sale of automotive and motorcycle repair manuals. Every Haynes manual is based on a complete vehicle strip-down and rebuild in our workshops, so that the instructions to our customers are inherently practical, accurate and easy to follow.

 

Through its subsidiary Vivid Holding BV, with headquarters in the Netherlands, the Haynes Group has become a leading European supplier of digital technical information to the motor trade, thereby broadening the Group's business to include professional as well as DIY mechanics and enthusiasts.

 

The Haynes Group also publishes an extensive array of books about motoring and motor sport as well as other transport, aviation, military and general DIY related activities.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSDQLFFBZFBBBQ
Date   Source Headline
3rd Apr 202011:04 amRNSScheme of Arrangement becomes Effective
1st Apr 20202:25 pmRNSCourt sanction of the scheme of arrangement
27th Mar 20205:30 pmRNSHaynes Publishing Group
27th Mar 20208:57 amRNSForm 8.3 - Haynes Publishing Group plc
25th Mar 202011:38 amRNSResults of Court Meeting and General Meeting
24th Mar 20208:54 amRNSForm 8.3 - Haynes Publishing Group plc
18th Mar 20209:52 amRNSForm 8.3 - [HAYNES PUBLISHING GROUP PLC]
17th Mar 20209:47 amRNSForm 8.5 (EPT/RI)
13th Mar 20203:18 pmRNSForm 8.3 -HAYNES Publishing GRP PLC
13th Mar 20201:58 pmRNSTR1 - Notification of Major Holdings
13th Mar 20201:53 pmRNSTR1 - Notification of Major Holdings
13th Mar 202010:57 amPRNForm 8.3 - Haynes Publishing Group
13th Mar 202010:11 amRNSForm 8.3 - Haynes Publishing Group PLC
12th Mar 20203:16 pmRNSForm 8.3 - HAYNES Publishing GRP PLC
11th Mar 202010:46 amRNSForm 8.3 - Haynes Publishing Group plc
3rd Mar 20209:10 amRNSForm 8.3 - Haynes Publishing Group PLC
2nd Mar 20204:24 pmRNSForm 8.3 - HAYNES PUBLISHING GRP PLC
2nd Mar 202011:17 amRNSForm 8.3 - Haynes Publishing Group plc
2nd Mar 20207:00 amRNSPublication of Scheme Document
28th Feb 202010:42 amRNSForm 8.3 - Haynes Publishing Group plc
26th Feb 20209:44 amRNSForm 8.3 - [HAYNES PUBLISHING GROUP PLC]
25th Feb 202011:05 amRNSForm 8.3 - Haynes Publishing Group PLC
18th Feb 202010:09 amRNSForm 8.3 - Haynes Publishing Group plc
17th Feb 20203:13 pmRNSForm 8.3 - HAYNES Publishing GRP PLC
17th Feb 20202:44 pmRNSForm 8.3 - Haynes Publishing Group plc
17th Feb 202012:55 pmRNSForm 8.3 - HAYNES PUBLISHING GRP PLC
17th Feb 202010:43 amRNSForm 8.3 - Haynes Publishing Group plc
17th Feb 20209:44 amRNSForm 8.3 - [Haynes Publishing Group PLC]
17th Feb 20208:56 amRNSForm 8.3 - Haynes Publishing Group PLC
14th Feb 202010:43 amRNSForm 8.3 - Haynes Publishing
13th Feb 202011:05 amRNSSecond Price Monitoring Extn
13th Feb 202011:00 amRNSPrice Monitoring Extension
13th Feb 202010:06 amRNSRecommended Cash Offer for Haynes Publishing Group
11th Feb 202010:09 amRNSForm 8.5 (EPT/RI)
10th Feb 20206:04 pmRNSForm 8 (OPD) (Haynes Publishing Group plc)
10th Feb 20209:29 amRNSForm 8.5 (EPT/RI)
7th Feb 20209:43 amRNSForm 8.5 (EPT/RI)
6th Feb 202010:44 amRNSForm 8.5 (EPT/RI)
5th Feb 20209:53 amRNSForm 8.5 (EPT/RI)
4th Feb 20208:52 amRNSForm 8.5 (EPT/RI)
3rd Feb 20201:33 pmRNSForm 8.5 (EPT/RI)
31st Jan 202010:34 amRNSForm 8.5 (EPT/RI)
30th Jan 202010:37 amRNSForm 8.5 (EPT/RI)
30th Jan 20207:00 amRNSInterim Results for the 6 months ended 30 Nov 2019
8th Jan 202012:14 pmRNSForm 8.5 (EPT/RI)
6th Dec 20197:00 amRNSTrading Statement
5th Dec 20196:09 pmRNSForm 8.3 - Haynes Publishing Group plc
5th Dec 201910:11 amRNSForm 8.5 (EPT/RI)
4th Dec 201910:29 amRNSForm 8.5 (EPT/RI)
3rd Dec 201912:16 pmRNSForm 8.3 - Haynes Publishing Group PLC

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.