If you would like to learn more about future focusIR related events and roundtables, please submit your details here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHAYT.L Regulatory News (HAYT)

  • There is currently no data for HAYT

Hayward Tyler - New Order Update

8 Nov 2011 07:00

RNS Number : 6559R
Specialist Energy Group PLC
08 November 2011
 



For immediate release: 0700hrs, 8 November 2011

 

Specialist Energy Group plc

 

("Specialist Energy Group", the "Group" or the "Company")

 

Hayward Tyler - New order update

 

Highlights

 

·; Order intake up 19% year on year to £25.4 million;

·; Manufacturing order intake driven by Oil & Gas markets;

·; Aftermarket division continues to experience growth in nuclear and energy sectors.

 

Specialist Energy Group plc (AIM: SEG), the specialist engineering group, is pleased to provide an update of business development activity within its main operating subsidiary, Hayward Tyler Group Limited, for the third quarter of the current financial year which saw order intake rise to £25.4 million (up 19% year on year).

 

Manufacturing Update

New orders won by the manufacturing division in the quarter include five offshore units for use in oil and gas exploration. The contracts, expected to be shipped next year, are valued at over £2 million.

 

Further, the Company is pleased to report that its industry leading deep submersible motor, designed and manufactured for the Tyrihans oil field, has now been tested and is ready for deployment in the North Sea once the injection well drilling process has been completed.

 

Aftermarket Update

New business in the aftermarket division has been driven by the nuclear and energy markets. In the nuclear related field, the division secured a major spares contract with Korea Hydro & Nuclear Power, as well as winning and shipping nuclear service related contracts to TVO Finland and Hatch in the USA. The business also successfully attended the recent nuclear trade show in Beijing where it was exhibiting its range of proprietary nuclear stamped products.

 

In total, over £7 million of aftermarket related contracts have been won since the half year.

 

Ewan Lloyd-Baker, Chief Executive of Specialist Energy Group plc, commented:

"We are delighted that Hayward Tyler has continued its momentum in the core areas of its business activity. Indeed, despite the difficult market conditions, we are quietly confident that order intake levels for the year will be ahead of 2010."

 

Enquiries:

 

Specialist Energy Group plc

Ewan Lloyd-Baker, Chief Executive Officer

Nicholas Flanagan, Finance Director

 

Tel: 020 7747 8380

Akur Partners LLP - Corporate Finance adviser

Andrew Dawber

David Shapton

 

Tel: 020 7499 3101

FinnCap Limited - NOMAD & Broker

Marc Young - Corporate Finance

Tom Jenkins - Corporate Broking

 

Tel: 020 7600 1658

 

GTH Media Relations

Toby Hall

Suzanne Johnson Walsh

 

Tel: 020 3103 3900

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
STRDKODPKBDBCDK
Date   Source Headline
31st Aug 201711:53 amRNSScheme Effective
30th Aug 20174:10 pmRNSCourt Sanction of Scheme of Arrangement
30th Aug 20179:47 amRNSForm 8.5 (EPT/RI) Hayward Tyler
30th Aug 20177:30 amRNSSuspension - Hayward Tyler Group plc
29th Aug 201711:45 amRNSFORM 8 (DD) HAYT
29th Aug 201711:08 amRNSForm 8.5 (EPT/RI) Hayward Tyler
24th Aug 201710:43 amRNSForm 8.5 (EPT/RI) - Hayward Tyler
23rd Aug 20179:16 amRNSForm 8.5 (EPT/RI) - Hayward Tyler
22nd Aug 201711:07 amRNSForm 8.5 (EPT/RI) - Hayward Tyler
21st Aug 201712:40 pmRNSResults of the Court Meeting and General Meeting
21st Aug 201710:34 amRNSForm 8.5 (EPT/RI) - Hayward Tyler
17th Aug 201711:53 amRNSForm 8.5 (EPT/RI) - Hayward Tyler
15th Aug 20179:23 amRNSForm 8.5 (EPT/RI) - Hayward Tyler
14th Aug 20179:43 amRNSForm 8.5 (EPT/RI) - Hayward Tyler
10th Aug 20179:42 amRNSForm 8.5 (EPT/RI) - Hayward Tyler Group Plc
8th Aug 20178:46 amRNSForm 8.5 (EPT/RI) - Hayward Tyler
7th Aug 20178:26 amRNSForm 8.5 (EPT/RI) - Hayward Tyler
3rd Aug 20179:40 amRNSForm 8.5 (EPT/RI) - Hayward Tyler
2nd Aug 201710:48 amRNSForm 8.5 (EPT/RI) - Hayward Tyler
1st Aug 201710:47 amRNSForm 8.5 (EPT/RI) - Hayward Tyler
31st Jul 201712:01 pmRNSForm 8.5 (EPT/RI) - Hayward Tyler
28th Jul 201711:30 amRNSFurther re: Recommended Acquisition of HTG
28th Jul 201711:30 amRNSScheme Document, Court Meeting & GM Notice
28th Jul 201711:30 amRNSForm 8 Dealing Disclosure
28th Jul 201710:39 amRNSForm 8.5 (EPT/RI) Hayward Tyler
27th Jul 201710:57 amRNSForm 8.5 (EPT/RI) - Hayward Tyler
26th Jul 201710:25 amRNSForm 8.5 (EPT/RI) - Hayward Tyler
25th Jul 20171:00 pmRNSUpdate on banking facilities
24th Jul 20177:00 amRNSPublication of Audited Annual Report & Accounts
21st Jul 201710:27 amRNSForm 8.5 (EPT/RI) - Hayward Tyler
20th Jul 201711:37 amRNSForm 8.5 (EPT/RI) - Hayward Tyler
19th Jul 201710:58 amPRNForm 8.3 - Hayward Tyler Group Plc
17th Jul 20179:34 amRNSForm 8.5 (EPT/RI) - Hayward Tyler
13th Jul 20179:49 amRNSForm 8.5 (EPT/RI) Hayward Tyler
12th Jul 201710:10 amPRNForm 8.3 - Hayward Tyler Group Plc
12th Jul 20179:53 amRNSForm 8.5 (EPT/RI) Hayward Tyler
11th Jul 201710:13 amRNSForm 8.5 (EPT/RI) Hayward Tyler
10th Jul 201710:05 amRNSForm 8.5 (EPT/RI) Hayward Tyler
7th Jul 20179:32 amRNSForm 8.5 (EPT/RI) - Hayward Tyler
5th Jul 201711:04 amRNSForm 8.5 (EPT/RI) - Hayward Tyler
4th Jul 20172:31 pmRNSForm 8.3 - Hayward Tyler PLC
4th Jul 20179:13 amRNSForm 8.5 (EPT/RI) - Hayward Tyler
3rd Jul 201712:21 pmRNSForm 8.5 (EPT/RI) - Hayward Tyler
30th Jun 20173:00 pmRNSFurther re: Recommended Offer for Hayward Tyler
30th Jun 20177:30 amRNSRecommended Offer for Hayward Tyler Group plc
30th Jun 20177:30 amRNSResults for the year ended 31 March 2017
30th Jun 20177:00 amRNSUpdate on banking facilities
27th Jun 201710:27 amPRNForm 8.3 - Hayward Tyler Group Plc
23rd Jun 20177:00 amRNSExtension to deadline under Rule2.6(c)
1st Jun 20177:11 amRNSUpdate on banking facilities

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.