HAYT2 Jan 2017 15:54
The following article is still relevant given the market is currently discounting the company's achievements and second half weighted results. You either buy into everything management, brokers and respected analysts are saying with regards to historic company performance trends. Or you don't and miss out on all the fun :)
Hayward Tyler achieves “transformational” results
Specialist engineering business and the 2015 TMMX Awards Exporter of the Year, Hayward Tyler Group, has announced revenues of £61.6m for FY2015 - an increase of 27% over the previous year.
For the 12 months ending March 2015, Hayward Tyler similarly saw trading profit before tax up 18% to more than £5m, alongside an expanding order book.
According to CEO, Ewan Lloyd-Baker, there were a number of contributing factors behind the successful results, including the successful completion of Hayward Tyler’s second acquisition, that of Peter Brotherhood.
Finalised in early November 2015, Hayward acquired the UK manufacturer of steam turbines and gas compressors for US$15m from German industrial stalwart, Siemens.
The purchase complements Hayward’s existing business of electric motors and pumps, while bringing in a number of new customers, such as the Keppel Shipyard.
Under the headline of “transformation for growth”, Lloyd-Baker explained: “The combination of the Peter Brotherhood acquisition, big investment in our centre of excellence, and a significant increase in our order intake are all positive messages and clear indicators of our plan for future growth for the overall group.”
The CEO continued: “The Hayward Tyler Group, and particularly now with the Peter Brotherhood business, continues to operate against a broad range of geographies and market segments.
“That’s what gives us the encouragement that the order intake that we saw grow significantly will be sustained and we can continue to focus on orders, developing a sales pipeline, and on the win-order process.”
Hayward Tyler CoE
Building work has now completed at the Luton-based Centre of Excellence (CoE), a site which Hayward Tyler hopes will be the world’s most advanced facility for specialist fluid-filled motor manufacture.
Representing a £10m investment and a 40% expansion to 6,300 sqm, the CoE is expected to enable Hayward Tyler to double production capacity and become certified as Fit For Nuclear (F4N).
Lloyd-Baker explained: “This strategically planned investment will deliver an extended, fit-for-purpose facility and continuous improvement-based environment capable of designing and manufacturing performance-critical motors and pumps for our chosen growth markets.”
You can view the remainder of the article, dated from July 2016 by following the link below
http://www.themanufacturer.com/articles/hayward-tyler-achieves-transformational-results/