Haynes Publishing Group announces interim results for the 6 months ended November 30, 2012.

HaynesLogoAutomotive and motorcycle repair manuals publisher Haynes Publishing Group P.L.C. has announces interim results for the 6 months ended November 30, 2012.

Financial Highlights

  • Revenue of £13.3 million (2011: £14.3 million)
  • Operating profit of £1.2 million (2011: £1.9 million)
  • Profit before tax ahead of latest broker’s interim forecast at £1.2 million (2011: £1.8 million)
  • Basic earnings per share of 5.2 pence (2011: 7.5 pence)
  • Interim dividend declared of 3.5 pence per share (2011: 6.2 pence)
  • Overheads reduced by 5% (2012: £6.3 million vs 2011: £6.6 million)
  • Australian business half year revenue 32% ahead of 2011
  • HaynesPro half year revenue 17% ahead of 2011
  • Like for like net funds1 of £5.9 million (2011: £5.0 million)
  • Strong balance sheet and cash flow generation maintained

Business Highlights

  • Increased digital capabilities though continued development of Haynes multimedia platforms
  • Digital manual range extended to over 200 titles
  • Successful launch of over 40 new eBook titles
  • New Vice President of Sales hired to strengthen US business
  • Vivid rebranded as ‘HaynesPro’ broadening global commercial opportunities
  • New offices in Romania purchased to accommodate growing digital technical team
  • Strategic consumer-focused review on track for completion by June 2013

Rad the full statement here.

UK, Somerset & USA, Los Angeles, CA

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