HAYT.L Regulatory News (HAYT)

27 April 2016

Hayward Tyler Group plc

("Hayward Tyler", "HTG", the "Company" or "Group")

Notice of results, trading update and analysts' briefing

Notice of Results

The directors of Hayward Tyler Group plc (AIM: HAYT), the specialist engineering group, are pleased to report that its audited consolidated results for the year ended 31 March 2016 will be published at 0700hrs on Tuesday 5 July 2016. For details of the associated analysts' briefing that day, please see below.

Trading Update

For the full-year, the directors announce that the Company achieved an order intake1 of £61.4 million, 47% ahead of the previous year, helped in-part by the Peter Brotherhood acquisition completed in October 2015. Underlying growth in order intake from the Hayward Tyler branded business units was 29% (to £54.0m) with a further £7.4 million from Peter Brotherhood.

As at 31 March 2016, the Group's order book2 stood at £36.1 million compared to £21.6 million as of 31 March 2015 - representing an increase of 67%. The increase reflects both the contribution from the recently acquired Peter Brotherhood (order book of £9.4 million) and organic growth of 24% from the Hayward Tyler branded business units (order book of £26.7 million).

Key orders that helped contribute to the improved performance include:

Within the Hayward Tyler operations

· Over £8.0 million (circa $12.0 million) of combined orders in the nuclear market through Hayward Tyler's US operations. These include further units to KHNP (one of South Korea's largest electricity suppliers), due to be shipped within the financial year 2017, and a US domestic order to Bechtel for delivery in financial years 2017 and 2018.

· FMC Technologies, Inc. (NYSE: FTI) - a circa £2.0 million order due for delivery by the end of financial year 2017 for deployment in a deep-water project off the coast of Brazil.

· The first submersible motor unit ordered by Ebara Corporation as a result of the agency partnership announced at the time of the interim results. Valued at over £0.5 million, the unit is for ultimate delivery to Nevada, USA and will help pump water up from the water table for municipal use.

Within the Peter Brotherhood operations

· Winning a £3.8 million turbo gen-set project with S-Oil Corporation for a refinery in South Korea. Designed and built to the demanding API612 standard, the unit will generate power and is rated at 22.5MW. The unit is due for delivery in Q3 of financial year 2017.

The Board is further pleased to report that following the sale and leaseback of the Peterborough facility, announced last month, net debt3 at the year-end stood at £11.0 million, well below the Company's stated target KPI of a net debt to EBITDA ratio of less than two times.

1 Order intake represents contracts for which purchase orders were received from customers in the year to 31 March 2016.

2 Order book represents contracts that had yet to be shipped to customers as at 31 March 2016.

3 Net debt includes £2.2 million in respect of the Peterborough site lease. In accordance with IAS17 Accounting for Leases, the directors have assessed the classification of the land and building elements separately. Based on that assessment, the land has been classified as an operating lease and the buildings as a finance lease.

Centre of Excellence

Progress at the Group's Luton based Centre of Excellence, which has the potential to double capacity at the site, remains on track and will be commissioned by 30 June 2016.

Post year-end, the Group was also honoured to receive the Queen's Award for Enterprise: International Trade, announced on 21 April 2016.

Ewan Lloyd-Baker, HTG CEO, commented:

"We are pleased that our expanded product suite through the Peter Brotherhood acquisition continues to provide us valuable exposure to growing markets in spite of the tightening economic conditions. We are also particularly encouraged that our focus on partnership solutions is now generating traction, particularly in the oil and gas market where we are working to enhance extraction at reduced cost, thereby improving the economics and extending the operating life of existing wells. It is also promising to see the anticipated improvement in our US operation driven by a strong growth in the nuclear sector. As a result we expect our results for the year ended 31 March 2016 will be broadly in-line with management expectations."

Analysts' Briefing

An analysts' briefing for the year-end results will be hosted by the management team at 10.30am on Tuesday 5 July at the offices of the Company's nominated adviser and broker, finnCap Limited, at 60 New Broad Street, London, EC2M 1JJ. Analysts who wish to attend should contact Liam O'Donoghue by email on Haywardtyler@gth.co.uk to register.

Enquiries:

About Hayward Tyler Group plc:

HTG includes both the Hayward Tyler and Peter Brotherhood businesses, together providing nearly 350 years of engineering experience, heritage and pedigree. With a common purpose around "Energy in Motion", HTG is focused on delivering performance-critical solutions for the most demanding requirements to meet current and future global energy needs.

Hayward Tyler is a market leader in the design, manufacture and servicing of performance-critical motors and pumps for the harshest of environments. www.haywardtyler.com

Peter Brotherhood is a market leader in the design, manufacture and servicing of performance-critical steam turbines, turbo gen-sets, compressors and combined heat and power systems. www.peterbrotherhood.com

End markets include oil and gas exploration - both topside and subsea; power generation - both conventional and nuclear; the chemical/industrials sector; the marine market and the sugar industry.

With over 500 employees and facilities in the UK, US, China and India, HTG has a proven reputation for providing innovative, reliable technological solutions.