Automotive 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
Related articles:
- Revenue and profit fall at Haynes August 23, 2012
Fusion Corporate Partners 
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