Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHYNS.L Regulatory News (HYNS)

  • There is currently no data for HYNS

Interim Management Statement

5 Oct 2010 07:00

RNS Number : 8378T
Haynes Publishing Group PLC
05 October 2010
 



 

 

HAYNES PUBLISHING GROUP P.L.C. ("the Haynes Group")

Interim Management Statement

Quarter 1: 13 weeks to 31 August 2010

 

 

First quarter trading and business highlights

 

Trading performance for the first 13 weeks of the financial year and for the period up to the date of this statement for the overall Haynes Group is tracking in line with last year. However, whilst this time last year we were reporting stronger sales in the UK and Europe and softer trading in the US, this year we are experiencing the same situation in reverse.

 

In North America & Australia sales in local currency ended the 13 week period 1% ahead of last year and ahead by 8% when reported in Sterling.

 

In the UK & Europe and in particular in the UK, market conditions have noticeably weakened during our first quarter with revenue in both our UK automotive division and Haynes Book division ending the quarter 12% lower than last year. In our general book publishing markets we have seen heavy returns from key retailers coupled with increased discounting. Elsewhere in the UK & Europe, revenue from Vivid in local currency ended the quarter 1% ahead of last year but down 3% after translation to Sterling.

 

There have been no significant changes in the financial position of the Group since we reported the results for our financial year-ended 31 May 2010.

 

 

Cautionary Statement:

This report contains certain forward-looking statements with regards the financial condition and results of the operations of Haynes Publishing Group P.L.C. These statements and forecasts involve risk factors which are associated with, but are not exclusive to, the economic and business circumstances occurring from time to time in the countries and sectors in which the Group operates. These forward-looking statements are made only as at the date of this announcement. Nothing in this announcement should be construed as a profit forecast. Except as required by law, Haynes Publishing Group P.L.C. has no obligation to update the forward-looking statements or to correct any inaccuracies therein.

 

 

Enquiries:

Haynes Publishing Group P.L.C.

J Haynes, Chairman

01963 442009

Eric Oakley, Group Chief Executive

01963 442009

Smith & Williamson Corporate Finance Limited

Barrie Newton

0117 376 2213

 

 

Business Description

 

The Haynes Group comprises two geographical business segments as follows :

 

·;

UK & Europe

·;

North America & Australia.

 

The UK & European business has headquarters in Somerset, England and subsidiaries in the Netherlands, Italy, Spain, Romania and Sweden. The core business of the European operations is the publication of DIY Repair Manuals for Cars and Motorcycles. Through its Dutch operation, Vivid, the European business is also a major supplier of technical information to the professional sector of the automotive aftermarket around Europe. All Vivid products are sold in a digital format. The European business also publishes a wide range of titles which are practical, instructional, easy to read and aimed at those with an interest in more general DIY related activities as well as motoring, motor sport, transport, aviation and military.

 

The North American & Australian business has headquarters near Los Angeles, California and publishes DIY Repair Manuals for Cars and Motorcycles under the Haynes and Chilton brands, in both the English and Spanish languages. It has a branch operation in Sydney, Australia which publishes similar products under both the Haynes and Gregory's brands. The Australian business also publishes information for the professional automotive market. Through its print facility in Nashville, Tennessee the North American business is also the central print facility for the Group's printed products.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSQZLFBBBFXFBL
Date   Source Headline
8th Oct 201210:51 amRNSAnnual Information Update
28th Sep 20127:00 amRNSInterim Management Statement
19th Sep 201210:07 amRNSAnnual Financial Report
23rd Aug 20127:00 amRNSFinal Results
30th Jul 20127:00 amRNSHolding(s) in Company
13th Jul 20122:39 pmRNSHolding(s) in Company
31st May 20123:12 pmRNSHolding(s) in Company
24th May 201210:07 amRNSPre-Close Trading Update
18th Apr 20127:00 amRNSInterim Management Statement
2nd Apr 201210:51 amRNSHolding(s) in Company
2nd Apr 201210:03 amRNSHolding(s) in Company
27th Mar 201210:40 amRNSTransaction in Own Shares
1st Mar 20121:00 pmRNSHolding(s) in Company
23rd Feb 20129:08 amRNSTransaction in Own Shares
21st Feb 20123:54 pmRNSHolding(s) in Company
17th Feb 201211:22 amRNSHolding(s) in Company
14th Feb 201210:32 amRNSHolding(s) in Company
26th Jan 20127:00 amRNSHalf Yearly Report
6th Jan 20127:00 amRNSNotification of shareholding
20th Oct 201112:01 pmRNSResult of AGM
5th Oct 201111:31 amRNSAnnual Information Update
5th Oct 201110:55 amRNSInterim Management Statement
21st Sep 20117:00 amRNSAnnual Financial Report
25th Aug 20117:00 amRNSFinal Results
19th Apr 20117:00 amRNSInterim Management Statement
23rd Mar 20113:01 pmRNSDirector/PDMR Shareholding
23rd Feb 20112:06 pmRNSHolding(s) in Company
21st Jan 20117:00 amRNSHalf Yearly Report
2nd Dec 20109:18 amRNSDirector/PDMR Shareholding
15th Nov 20105:00 pmRNSHolding(s) in Company
15th Nov 20104:54 pmRNSHolding(s) in Company
15th Nov 20104:02 pmRNSDirector/PDMR Shareholding
14th Oct 201012:11 pmRNSResult of AGM
5th Oct 20107:00 amRNSInterim Management Statement
4th Oct 20104:08 pmRNSHolding(s) in Company
4th Oct 20104:05 pmRNSHolding(s) in Company
1st Oct 20104:06 pmRNSAnnual Information Update
29th Sep 20103:27 pmRNSDirector/PDMR Shareholding
20th Sep 20101:09 pmRNSAnnual Financial Report
10th Sep 20102:18 pmRNSDirectorate Change
1st Sep 20102:58 pmRNSDirectorate Change
26th Aug 20107:00 amRNSFinal Results
14th Jul 20102:37 pmRNSDirector/PDMR Shareholding
27th May 20109:52 amRNSDirectorate Change
19th Apr 20107:00 amRNSInterim Management Statement
28th Jan 20107:00 amRNSHalf Yearly Report
21st Oct 20093:05 pmRNSAGM Statement
21st Oct 20092:56 pmRNSAGM Statement
1st Oct 20099:23 amRNSInterim Management Statement
29th Sep 20099:28 amRNSAnnual Information Update

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.