|
The following statement
was released on Wednesday 21st October 2009
HAYNES PUBLISHING GROUP P.L.C. ("the Company")
Notification in accordance with Listing Rule 9.6.11 (3):
At the Company’s Annual General Meeting held earlier today the Chairman, Mr John H Haynes announced that at the end of the Company’s financial year in May 2010 and 50 years after starting the business, he will be stepping down from his role as Group Chairman but as the founding director will remain a director of the Main Board.
Mr J HC Haynes, who was appointed Group Vice Chairman in June 2008 will take over the role of Group Chairman from 1 June 2010.
The following statement was released on Thursday 1st October 2009
HAYNES PUBLISHING GROUP P.L.C. ("The Haynes Group")
Interim Management Statement
Quarter 1 – 13 weeks to 28 August 2009
First quarter trading and business highlights
Haynes Group revenue, excluding revenue from the UK print operation sold in February 2009, ended the first quarter of financial year ended 31 May 2010 in line with last year, this despite the continuing difficult market conditions.
Sales in the UK and Europe have had an encouraging start to the financial year, up 8% on the prior period. Revenue in the UK was ahead by 10% helped by strong sales in the general publishing division, which ended the 13 week period 19% ahead of last year while revenue from its automotive manuals tracked in line with last year. In the Netherlands, revenue from Vivid, after translation to Sterling, ended the period 3% ahead of last year.
In the US, market conditions remain largely unchanged from that reported at the year-end with customer replenishment orders continuing to fall short of their own sales levels. As a result, US revenue in Sterling ended the 13 weeks 6% down on the same period last year.
With no major additions or disposals during the period, there have been no significant changes in the financial position of the Group since 31 May 2009 year-end.
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.
John Haynes OBE, Chairman01963 442009
Eric Oakley, Group Chief Executive01963 442009
Smith & Williamson
Barrie Newton0117 376 2117
Background to the Haynes Group
Haynes Publishing Group P.L.C. is the worldwide market leader in the production and sale of automotive and motorcycle repair manuals. Every Haynes manual is based on a complete vehicle strip-down and rebuild in our workshops, so that the instructions to our customers are inherently practical, accurate and easy to follow.
Through its subsidiary Vivid Holding BV, with headquarters in the Netherlands, the Haynes Group has become a leading European supplier of digital technical information to the motor trade, thereby broadening the Group’s business to include professional as well as DIY mechanics and enthusiasts.
The Haynes Group also publish an extensive array of books about motoring and motor sport as well as other transport, aviation, military and general DIY related activities.
The following statement
was released on 10 September 2009
PRELIMINARY STATEMENT 2009
To download the Statement as a pdf document please
click on the link below (this Preliminary Statement will be
superceded by the Report and Accounts 2009 when the final accounts
are published)
 Haynes Publishing Preliminary Statement 2009
The following statement was released on Friday 17th April 2009
HAYNES PUBLISHING GROUP P.L.C. ("The Haynes Group")
Interim Management Statement
Quarter 3 – 13 weeks to 27 February 2009
Third quarter business highlights
On 27 February 2009, the Haynes Group disposed of its UK printing operation for a consideration of £0.4 million. In the last financial year, the UK print operation made a loss, before the allocation of central overheads, of £0.6 million. Following the disposal, the Group’s remaining printing operations have been centralised in the US, where UK & European automotive manuals are already printed. Under the terms of the sale, the manufacturing costs of the Haynes UK Book Division titles, which will continue to be printed by the purchaser for a period of 12 months from completion, have been protected until the end of February 2010 with a realistic expectation of print cost savings beyond this timeframe. Apart from the disposal there have been no other significant changes in the financial position of the Group since the half year.
Third quarter trading
Group revenue during the third quarter, on a like for like basis was down 9%. In the UK and Europe, revenue was down 3% while in the US, revenue was down 12% in local currency. However, following favourable movements in the US Dollar exchange rate and after inclusion of revenue from the Vivid group acquired at the end of February last year, both of which had a similar beneficial impact, reportable Group revenue increased by 25%.
Our results at the half year were impacted by retailers reducing inventory levels, as pressures on their working capital continued to tighten. We mentioned that this was a situation we felt could not continue indefinitely if retailers were to avoid losing consumer sales. Although, mid-way through our fourth quarter we have seen a slight improvement in underlying sales, we are still experiencing de-stocking from our major customers and as such still hold similar concerns.
In November 2008, at our half year, Group profit before tax was down 39% on last year as lower volumes and increased raw material costs affected margins. Whilst the Group has experienced similar trading conditions during the third quarter ended 27 February 2009, which will have an impact on second half trading, management is confident that overall, performance will show an improvement when compared with the results announced at the half year.
The Haynes Group will report its preliminary results for the financial year ending 31 May 2009 and 4th quarter trading on 10 September 2009.
Cautionary Statement:
This report contains certain forward-looking statements with regards to 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.
John Haynes OBE, Chairman01963 442009
Eric Oakley, Group Chief Executive01963 442009
Smith & Williamson
Barrie Newton0117 376 2117
Background to the Haynes Group
Haynes Publishing Group P.L.C. is the worldwide market leader in the production and sale of automotive and motorcycle repair manuals. Every Haynes manual is based on a complete vehicle strip-down and rebuild in our workshops, so that the instructions to our customers are inherently practical, accurate and easy to follow.
Through its subsidiary Vivid Holding BV, with headquarters in the Netherlands, the Haynes Group has become a leading European supplier of digital technical information to the motor trade, thereby broadening the Group’s business to include professional as well as DIY mechanics and enthusiasts.
The Haynes Group also publish an extensive array of books about motoring and motor sport as well as other transport, aviation, military and general DIY related activities.
The following statement was released on Friday 27th February 2009
HAYNES PUBLISHING GROUP P.L.C.
Sale of UK Book Production business
The Board of Haynes Publishing Group P.L.C. (Haynes) is pleased to announce the sale of its UK Book printing business ("the business") to JF Print Limited.
Under the terms of the sale, JF Print Limited has acquired the plant and equipment used in the business and will continue to print Haynes UK Book Division titles for a period of 12 months following completion. As part of the transaction the jobs of the 43 permanent employees who work in the business have been secured, with the employees transferring to JF Print Limited on similar terms and conditions. Haynes has retained the services of the UK Production/Works manager who will oversee the scheduling, planning and manufacturing of future Haynes book printing.
JF Print Limited will operate from leased premises at the existing Sparkford site in Somerset and the transaction includes a three year lease agreement for those premises at a rent of approximately £0.1 million per year.
The consideration for the transaction was £0.4 million; £0.3 million payable in cash on completion and £0.1 million payable in cash by instalments over the following 12 month period. The values of the gross assets subject to the sale were £0.5 million and in the last full financial year the business made a loss, before the allocation of central overheads, of £0.6 million.
The sale of this business is consistent with statements in our recent Interim report where we described our willingness to dispose of those activities which are not core to the future growth of the UK & European business and follows an extremely detailed analysis of all our printing options. The agreement ensures that our current manufacturing costs for related products are protected in the short term with realistic expectations of savings in future periods and the sale proceeds will help pay down the UK borrowings following the acquisition of Vivid in 2008.
Contacts:
Haynes Publishing Group P.L.C.
Eric Oakley, Group Chief Executive01963 442009
J Haynes, Group Vice Chairman & UK&E Managing Director01963 442009
The following statement was released on Thursday 29th January 2009
HAYNES PUBLISHING GROUP P.L.C.
Notification in accordance with Listing Rule 9.6.11 (2) & (3):
The Board of Haynes Publishing Group P.L.C. announces that David Suter and Panton Corbett have today retired from their positions as non-executive directors of the Company.
John H Haynes OBE, Chairman said that “he and his fellow directors offered David and Panton their warmest thanks and appreciation for their hard work, dedication and loyalty to the Company during their many years of service as Haynes directors and wished them both a very happy retirement and best wishes for the future.”
Following the above retirements Eddie Bell (non-executive director) has been appointed Chairman of the Remuneration Committee and Andrew Garner (non-executive director) has been appointed Chairman of the Audit Committee.
Contacts:
Haynes Publishing Group P.L.C.
Eric Oakley, Group Chief Executive01963 442009
J Haynes, Group Vice Chairman & UK&E Managing Director01963 442009
The following statement was released on Tuesday 9th December 2008
HAYNES PUBLISHING GROUP P.L.C.
The Board of Haynes Publishing Group P.L.C. has received an offer from JF Print Limited who is interested in acquiring the Group’s UK Book Manufacturing business.
Discussions with JF Print Limited are ongoing and at this point in time the Board feels it is inappropriate to speculate on the final outcome of these discussions.
The Board will make a further announcement once they are in a position to do so.
Contacts:
Haynes Publishing Group P.L.C.
Eric Oakley, Group Chief Executive01963 442009
J Haynes, Group Vice Chairman & UK&E Managing Director01963 442009
The following statement was released on Wednesday 15th October 2008
HAYNES PUBLISHING GROUP P.L.C. ("The Haynes Group")
Interim Management Statement
Quarter 1 – Financial year ended 31 May 2009
The Haynes Group is today publishing its Interim Management Statement for the period 1 June 2008 to 29 August 2008.
Current trading and business highlights
Overall Group revenue, including revenues from its subsidiary Vivid Holding BV ("Vivid"), ended the quarter 26% ahead of last year.
Sales of core automotive repair manuals held up well during the first quarter despite a deterioration in market conditions. The counter cyclical characteristics of the Haynes manuals continue to underpin Group revenue, with strong first quarter performances in both our key geographical markets. In the US, sales of automotive repair manuals in local currency ended the period 10% ahead of last year, whilst in the UK, sales of automotive repair manuals ended the period ahead by 5%.
In the Group’s UK general publishing division we have experienced a marked downturn in trading conditions since the end of our financial year, characterised by lower advanced store orders and higher returns. Consequently, revenue from this division fell by 3% against the comparative period last year. Similar conditions are also being experienced in the Group’s Australian general publishing operations.
The integration of the Vivid business is progressing as planned.
These are without doubt the most precarious of times and clearly there remains a very high level of uncertainty as regards the potential impact of the evolving financial crisis on future trading. However, we take heart from the fact that at time of writing, sales of our core automotive repair manuals are 5% ahead of last year. The recently increasing value of the US Dollar, if maintained, will also positively impact the Group’s profit performance in the current year.
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.
John Haynes OBE, Chairman01963 442009
Eric Oakley, Group Chief Executive01963 442009
Blue Oar Securities Plc
Jerry Keen0207 448 4492
Mike Coe0117 933 0020
Background to the Haynes Group
Haynes Publishing Group P.L.C. is the worldwide market leader in the production and sale of automotive and motorcycle repair manuals. Every Haynes manual is based on a complete vehicle strip-down and rebuild in our workshops, so that the instructions to our customers are inherently practical, accurate and easy to follow.
Through its subsidiary Vivid Holding BV, with headquarters in the Netherlands, the Haynes Group has become a leading European supplier of digital technical information to the motor trade, thereby broadening the Group’s business to include professional as well as DIY mechanics and enthusiasts.
The Haynes Group also publish an extensive array of books about motoring and motor sport as well as other transport, aviation, military and general DIY related activities.
The following statement
was released on 28 August 2008
PRELIMINARY STATEMENT 2008
To download the Statement as a pdf document please
click on the link below (this Preliminary Statement will be
superceded by the Report and Accounts 2008 when the final accounts
are published)
Haynes
Publishing Preliminary Statement 2008
The following statement was released on Friday 18h April 2008
Haynes Publishing Group P.L.C. ("the Haynes Group")
Interim Management Statement
Quarter 3 – 13 weeks to 29 February 2008
Third quarter business highlights
On 28 February 2008, the Haynes Group acquired 100% of the issued share capital of Vivid Holdings BV (Vivid), the Dutch based provider of digital technical information to the motor trade (as previously announced). The acquisition of Vivid is a key strategic move by the Haynes Group to move into the supply of automotive technical information to the professional mechanic. Apart from the acquisition there have been no other significant changes in the financial position of the Group since the half year.
Third quarter trading
In the US, trading conditions continue to be difficult. Like for like sales in local currency ended the 13 week period 6% down on the prior year, but 13% lower when translated to Sterling.
In the UK and Europe, sales of the core UK manuals ended the 13 week period down 7%. However, sales year-to-date remain 3% ahead of last year.
As has been well reported economic conditions remain very uncertain. In the absence of further economic deterioration, the Group believes there is a realistic possibility of improvement in the second half of the year. The continuing weakness of the US Dollar is, though, a source of concern.
The Haynes Group will report its preliminary results for the financial year ending 31 May 2008 and 4th quarter trading on 28 August 2008.
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.
John Haynes OBE, Chairman 01963 442009
Eric Oakley, Group Chief Executive 01963 442009
Blue Oar Securities Plc
Jerry Keen 0207 448 4492
Mike Coe 0117 933 0020
The following statement was released on Friday 29th February 2008
Haynes Publishing Group P.L.C. Acquisition
The Board of Haynes Publishing P.L.C. (Haynes) is pleased to announce the acquisition of Vivid Holdings BV (Vivid), the Dutch based provider of technical information to the professional automotive market. The Vivid Group of companies has its headquarters in Soest, Holland and operates throughout Europe.
The Group publishes technical information for use by professional mechanics engaged in servicing, maintaining and repairing both automobiles and heavy trucks. The Vivid products are offered in multiple languages and are available in both an on-line web-delivered version or in an offline DVD format. The Vivid database contains technical information on maintenance, repair and diagnosis for over 6,500 European and Asian vehicle models, including heavy trucks and Vivid products are used by over 25,000 independent car workshops throughout Europe. The Haynes Board is also pleased to confirm that the services of the key founders have been retained in the business and they will be an important part of the future growth and development of the Vivid Group.
The consideration for the acquisition was €8.0 million (£6.0 million), payable in cash on completion. For the financial year ended 31 December 2007 the Vivid Group reported a consolidated pre-tax profit of €0.9 million (£0.7 million) on revenue of €4.3 million (£3.2 million). The Vivid Group had gross assets as at 31 December 2007 of €2.9 million (£2.2 million).
The Vivid database, which is compiled using market leading digital technology and is available in 19 languages, will allow Haynes to leapfrog the development of its own professional product and immediately become the market leader in the supply of digital technical information to the professional automotive market in continental Europe. The acquisition will also provide Haynes with in-house skills covering language translation, web development, DVD production and copy protection security which are all complimentary to the way in which Haynes is planning to develop its own product offerings going forward. This opens up the possibility of an internet based multi-language consumer product for markets that could not support the cost base of a print based product.
Geographically, the acquisition of Vivid presents an opportunity for Haynes to incorporate the Australian technical database, gained through the acquisition of Bookworks in 2007, into the Vivid product offering, thereby enhancing the value of both the Bookworks and Vivid acquisitions. In the medium term, the acquisition provides Haynes with the ability to take the Vivid product offering to new geographical markets where Haynes has a strong presence but Vivid currently do not and this will be a key focus for management of both businesses in the short to medium term.
Haynes is market leader throughout the English speaking world in the supply of repair and maintenance information to Do it Yourselfers in the automotive and motorcycle markets. As a result, Haynes is well placed to extend its franchise to become a major world wide supplier for all automotive and motorcycle technical and repair information. This acquisition represents a significant strategic step in that repositioning process.
Additionally, in a changing global market place that is increasingly demanding content through multi-media channels, the Board of Haynes believes the acquisition of Vivid can be of great assistance in expanding its current core product range into new products and new markets.
With the majority of the funding for the acquisition coming from internal cash, the Group remains financially well placed to continue its pursuit of other new opportunities as they arise.
Contacts:
Haynes Publishing Group P.L.C.
Eric Oakley, Group Chief Executive. Tel: +44 (0)1963 442009
Rebecca Nicholls (PR Agency). Tel: +44 (0)1452 886380
Chris Wall (PR Agency). Tel: +44 (0)1452 886382
Blue Oar Securities Plc
Jerry Keen. Tel: +44 (0)207 448 4492
Mike Coe. Tel: +44 (0)117 933 0020
The following statement
was released on 18 October 2007
Interim Management Statement
At its Annual General Meeting, being held today
at 1:00pm, the following Interim Management Statement, for the period
1 June 2007 to 31 August 2007, will be made, as required by the UK
Listing Authority’s
Disclosure and Transparency Rules.
First quarter business highlights
On 4 June 2007, the Group acquired certain assets of Bookworks Pty.
Ltd in Sydney, Australia. Bookworks is the most prominent distributor
of automotive repair information in Australia. Subsequently the Group
purchased premises in the Sydney area to accommodate our combined businesses.
Both transactions were funded from internal working capital and integration
is progressing as planned. Other than these two transactions there
have been no other significant changes in the financial position of
the Group since the financial year-end date.
A new, more dynamic, website was launched in the US (Haynes.com) on
8 August 2007. Overnight the new site attracted a huge increase in
visitors. Further site development is underway to capitalise on this
much larger web audience.
In the UK, there was a healthy increase in sales over the prior period
including sales of our core product. The Haynes licensing division
also teamed up with clothing icon Lee Cooper to develop a range of
Haynes branded work wear.
First quarter trading
During the period, the US business had to contend not only with a
very soft automotive aftermarket but also a very weak US Dollar. (Research
conducted by NPD Research suggests that the US retail aftermarket contracted
by almost 5% in unit terms in August.) The combined effect was that
US revenue, on a like for like basis, ended the period down 8% and
when converted to Sterling was down 15% with the average US Dollar
rate for the period above $2.00. This was partially offset by performance
in the UK where sales revenue, on a like for like basis, performed
well, ending the 13 week period 16% ahead of the prior period. Sales
revenue of the core UK automotive manuals ended the period 8% up on
the prior year.
In the US, market conditions since the end of the first quarter remain
soft. In the UK sales continue slightly ahead of last year.
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.
John Haynes OBE, Chairman. Tel: +44 (0)1963 442009
Eric Oakley, Group Chief
Executive. Tel: +44 (0)1963 442009
Blue Oar Securities Plc
Jerry Keen. Tel: +44 (0)207 448 4492
Mike Coe. Tel: +44 (0)17 933 0020
The following statement
was released on 2 August 2007
PRELIMINARY STATEMENT 2007
To view the Preliminary Statement click on Report
2007 button in the lefthand menu, (the Preliminary Statement will be
replaced by the Report and Accounts 2007 when the final accounts
are published), or to download the Statement as a pdf document please
click on the link below
Haynes
Publishing Preliminary Statement 2007
The following statement
was released on 4 June 2007
Haynes Publishing Group P.L.C. Acquisition
The Board of Haynes Publishing Group P.L.C. (Haynes) is pleased to announce
that it has today completed the acquisition of certain assets from Bookworks
Pty Ltd (Bookworks), Rellim Pty Ltd (Rellim), Motordata Pty Ltd (Motordata)
and Stan H Earle Pty Ltd (Earle) all from New South Wales, Australia.
Haynes has acquired certain of the assets including stock,
work-in-progress, intellectual property, equipment and goodwill from Bookworks,
Rellim, Motordata and Earle all private Australian companies in the book
origination, printing and distribution business for an internally generated
cash consideration of AUD 1.5 million (approximately £ 0.6 million).
Unaudited revenues for the year ended 30 June 2006 from
the four combined companies were approximately AUD $2.5 million (£1.0
million).
Haynes believes this acquisition will allow further growth in the Australian
market and provide additional opportunities for market expansion within the
Pacific Rim.
For further information, please contact:
Dan Benhardus, Group
Finance Director. Tel: +1 805 498
6703
Barrie Newton, Blue Oar Securities Plc. Tel: +44 (0)
117 933 0020
The following statement was released on 25 January
2007
Sale of Sutton Publishing
The Board of Haynes Publishing Group P.L.C. (Haynes)
is pleased to announce the sale of its ‘historical publishing’ subsidiary, Sutton Publishing
Limited (Sutton Publishing) to NPI Media Limited on 24 January 2007. The
consideration for the transaction was £3.0m in cash, payable on completion,
with NPI Media Limited acquiring the entire share capital of Sutton
Publishing. Haynes was represented by The van Tulleken Company.
For the year ended 31 May 2006, Sutton Publishing reported
a pre-tax loss of £199,000 on turnover of £3.0 million whilst as at 31 May 2006
Sutton Publishing had gross assets of £3.9 million and net liabilities
of £1.7 million. The sale of Sutton Publishing is expected to
give rise to a one-off loss on disposal of £2.3 million. The
above transaction concludes the Group’s strategic review of those areas
of the business where trading has remained consistently below management
expectations, as outlined in the latest Annual Report and Accounts.
The sale of Sutton Publishing coupled with the closure
of the Haynes French operation, as announced on 24th November, will allow
Haynes to focus its time and resources on developing new product initiatives
arising from its core automotive database as well as pursuing opportunities
for growth in its general publishing and licensing markets. The Haynes
Board will continue to pursue new opportunities for expansion, whether
through organic development or complimentary acquisition as and when such
opportunities arise.
Enquiries:
Eric Oakley |
|
Group Chief Executive |
|
Haynes Publishing Group P.L.C. |
Tel: 01963 442 009 |
|
|
J Haynes |
|
Managing Director – UK and
Europe |
|
Haynes Publishing Group P.L.C. |
Tel: 01963 442 075 |
|
|
Barrie Newton |
|
Rowan Dartington & Co. Limited |
Tel: 01225 424 666 |
The following statement was released on 24 November
2006
EDITIONS HAYNES CLOSURE
The Board of Haynes Publishing PLC announces that it has made the decision
to close its French operations with effect from Thursday 30th November
2006. This decision follows several years of continuing losses. Last year
the French business lost €233,000 on sales of €927,000. Estimated close-down
costs are in the region of £500,000.
All employees in France have been made redundant and will leave the
company at the close of business on Thursday 30th November 2006 when
the French company will be put into liquidation.
The following statement was released on 19 October
2006
CHAIRMAN’S STATEMENT AT THE A.G.M.
At the A.G.M. held today (19th October 2006) Mr. J.H. Haynes
OBE, Chairman, made the following statement:
"In our latest Annual Report we refer to the fact that higher energy
prices have had a significant impact on disposable income in the Group’s
major markets. This has led to consumers deferring work on their
vehicles and retailers implementing tighter inventory controls. These
conditions have, as anticipated, continued into the new financial year and
sales have consequently been affected adversely. While there has been
some recent recovery, at this stage, indications are that the remainder
of the year will be difficult.
As a result of the above factors, we could well see a further decline in
trading performance this year.
However, the Board remains confident
that results will rebound in subsequent years."
Mark A.R. Venables, BA FCIS
Group Company Secretary
The following statement was released on 17 August
2006
PRELIMINARY STATEMENT 2006
To view the Preliminary Statement click on Report
2006 button
in the lefthand menu, (the Preliminary Statement will be replaced by
the Report and Accounts 2006 when the final accounts are published),
or to download the Statement as a Word document please click
on the link below
 Haynes
Publishing Preliminary Statement 2006
The following statement was released on 17 February
2006
PRELIMINARY ANNOUNCEMENT
To download the announcement as a Word document please click
on the link below
Haynes
Publishing Preliminary Announcement
The following statement was released on 13 October
2005
CHAIRMAN’S STATEMENT AT THE A.G.M
At the A.G.M. held today (13th October 2005) Mr. J.H. Haynes
OBE, Chairman, made the following statement:
"In the Annual Report we stated that the year ahead
would be challenging.
Since then we have seen the widely reported weakness
in high street retail sales. The impact of two devastating Hurricanes
in the Southern U.S. and higher U.S. gasoline prices, which together with
increased raw material prices have further added to the challenge in our
most important market.
In response, the U.S. business is in the process of passing
through a significant price increase and the Australian business is also
increasing prices. Similar
increases in other operating companies are inevitable in the short
term.
In the U.K., an Advertising and Promotions Campaign begins
later this month and a similar campaign is scheduled for the U.S. later
in the year. We
believe that this and the pricing response above represents a realistic opportunity
for the overall business to meet market expectations with regard to its performance
for the year as a whole. I would prefer not to say anything more
at this stage as this simply invites speculation.
Be assured that we shall report in much greater detail
at the half year".
Mark A.R. Venables, BA FCIS
Group Company Secretary
The following statement was released on 23 February 2005
Re: Board of Directors -
Mr. Andrew Garner
Further to the announcement made on 10th February 2005
that Mr. Andrew Garner is to be appointed a Non-Executive Director
of the Company with effect from 31st March 2005, we confirm
that there are no further details to be disclosed in accordance
with Chapter 16.4 of the Listing Rules.
Mr. Garner is presently a Trustee of the Haynes International Motor
Museum Charitable Trust, and in that capacity has an interest in 630,000
Ordinary 20p shares which are owned by the Trust.
Mark A.R. Venables, BA FCIS
Group Company Secretary
The
following statement was released on 10 February 2005
Haynes
Publishing Group P.L.C. Board of Directors
I am pleased to announce
that today the Board have appointed Mr. Andrew Garner as a Non-Executive Director
of the Company with effect from 31st March 2005. Mr. Garner is presently Chief
Executive Officer of the executive search consultancy, Constellation Corporation
PLC and has enjoyed a successful international business career. He is
also on the Board of the Royal
Philharmonic Orchestra and C.J. Garland Ltd.
Further details
of Mr. Garner’s
appointment will be announced shortly.
John H.
Haynes, OBE
Chairman
The
following statement was released July 2004
Trading
Statement
Haynes Publishing Group anticipates that it will exceed current market expectations with regard to profit for the financial year ended May 31, 2004.
Mark Venables, Group Secretary
The
following statement was released July 2003
Trading
Statement
Haynes Publishing Group P.L.C. announces that while its year-end audit
has only just begun it is now clear that after a solid closing month
of the financial year it will exceed market expectations with regard
to pre-tax profit.
The Group's preliminary announcement of its results for the year-ended
31 May 2003 will be made available in early August.
Mark Venables, Group Secretary
The following
statement was released April 2003
Trading
Statement
While the final month of the trading year is yet to come, and it is an important
month, Haynes Publishing Group is pleased to announce that it currently expects
to exceed market expectations with regard to profit for its financial year
which ends 31st May 2003.
The following statement was released 12th December 2002
Haynes Trading Statement
Haynes Publishing Group P.L.C. announces that in the first half
of its financial year, to 30 November 2002, it has materially
exceeded
market expectations with regard to pre-tax profits before goodwill.
Trading performance has been positively impacted by a number of
significant factors including unusually heavy purchasing patterns
in the United
States as well as the success in the United Kingdom of recently
launched new publications, including the Haynes "Man" manual.
Although some of these positive factors may not be repeated to
the same extent in the second half of the year, it is anticipated
that
the results for the full year will exceed current market expectations.
For information:
M.A.R. Venables, Group Secretary
Direct tel: 01963 442019
Direct fax: 01963 4404828
The
following statement was released November 2002
Sale
of Garage Equipment Division
Haynes Publishing Group announces the sale of its Garage Equipment
Division to EIBM Electronics Ltd. This Division has been under performing
since its creation. The cumulative loss since inception four years
ago is approaching £1.5 million.
EIBM has undertaken to purchase all stock, which represents the entire
assets of the division, over a six month period and pay royalties and
commission on future sales over a period of up to 15 years.
The disposal is anticipated to have a positive impact on profits during
the current financial year
The
following statements were released on Monday 5th August 2002
Acquisition
of Gregorys Automotive Publications in Australia
Haynes Publishing Group P.L.C. is pleased to announce that it has today
completed the acquisition of the business and assets associated with
Gregory Automotive Publications in Australia from Universal Press Pty,
Ltd of Sydney.
Share Placement
Haynes Publishing Group P.L.C. announces that application has today
been made to the U.K. Listing Authority and the London Stock Exchange
PLC for the listing of 668,000 new Ordinary 20p shares to be admitted
to the official list. These shares have been issued pursuant to a
placing for cash at 105 pence per share to raise £701,400 before
expenses. Dealings in these shares are expected to commence on 7th
August 2002.
The
following statement was released on Wednesday 26th June 2002
Acquisition/Gregory
Automotive Publications of Australia
Haynes
Publishing Group PLC is pleased to announce that on 25 June 2002 it
entered into a conditional agreement to acquire certain assets including
stock, work-in-progress, intellectual property, equipment and goodwill
associated with the printed manuals business of Gregory Automotive
Publications in Australia, together with the use under licence of
the Gregorys brand and business name. The agreement has been reached
with the proprietors of that business, Universal Press pty, Ltd of
Sydney. The agreement
is conditional upon clearance from the Australian Competition and Consumer
Commission.
The consideration for the acquisition is Australian $5.5 million (approximately £2.1 million) payable in cash on completion. It is intended
that the consideration will be funded through a conditional cash placing
pursuant to the Company’s existing section 89 authority and a
new loan.
Last year in the Australian automotive aftermarket Gregorys sold approximately
112,000 manuals generating a turnover of approximately Australian $2.2
million. Haynes Publishing believes that this acquisition will enhance
its ability to pursue market opportunities and future growth in the
Australian market.
The
following statement was released on Friday 7th June 2002
BOARD
OF DIRECTORS
Further
to the announcements made on 14th December 2001, and 31st May 2002 I
am now able to confirm the following:-
1. Mr Max Pearce having resigned his role as Group Chief Executive on
31st May 2002, has brought forward his previously announced retirement
as Deputy Chairman from 4th October 2002, to today 7th June.
Mr Pearce has provided invaluable leadership and direction during his
tenure as Chief Executive of the Group, which has enjoyed a lengthy
and most constructive relationship with him. We wish him well during
his retirement.
2. Mr J Haynes, presently Managing Director of the UK Automotive Division,
will assume more extensive duties covering all UK operations, as he
takes additional responsibility for the General Publishing Division
with effect from today.
John H. Haynes, OBE
Chairman
07 June 2002
The
following statement was released on Friday 31st May 2002
BOARD
OF DIRECTORS
As
previously announced, Mr Max Pearce will step down from his role as
Group Chief Executive on 31st May 2002. Mr. Eric Oakley commences his
role as Group Chief Executive on 1st June 2002.
Mr. Keith Fullman, Group Finance Director and U.K. Managing Director
will resign from the Board and leave the Company on 31st May 2002, in
order to pursue his interests elsewhere. Mr. Fullman has made a considerable
contribution to the Group during his time with us, which we wholeheartedly
acknowledge and appreciate.
Mr. Dan Benhardus, presently Senior Vice President and Chief Financial
Officer of Haynes North America, Inc., will retain his existing role
and is also appointed as Group Finance Director with effect from 1st
June 2002.
John H. Haynes, OBE
Chairman
31st May 2002
The
following statement was released on Friday 14th December 2001
BOARD
OF DIRECTORS
The company is pleased to announce the following changes in the composition
of the Main Board:-
1) Mr. Max Pearce, currently Group Chief Executive and Deputy
Chairman, will with effect from 1st June 2002 continue as Deputy Chairman
and, as previously announced, will retire from the Board on 4th October
2002.
2) Mr. Eric Oakley, currently an Executive Director of the company
and President of Haynes North America, Inc., is appointed Group Chief
Executive with effect from 1st June 2002. He will remain President of
Haynes North America, Inc.
3) Mr. Keith Fullman will continue both as Group Finance Director
and as overall U.K. Managing Director, with special responsibility for
the General Publishing Division.
4) Mrs. Annette Haynes, after forty years invaluable service,
will retire from the Board on 27th October 2002.
5) Mr. 'J' Haynes, currently a Non-Executive Director, is appointed
Managing Director of the UK Automotive Division and will take up his
duties as an Executive Director on January 28th 2002.
The
following statement was released on Thursday 18th October 2001
at
2pm
TRADING
STATEMENT
At
the Annual General Meeting of the Company today, Thursday 18th October,
Mr. Pearce, Chief Executive, informed the meeting about the current
situation. He said:-
I
am pleased to report a much improved trading position for the first
quarter of this year
with actual Group sales ahead by 33% year on year and 19% up on a like
for like basis, excluding sales of Chilton products as the acquisition
of the Group’s major competitor in the United States was not completed
until January 2001.
The Group is trading profitably, operating costs are tightly controlled,
working capital is being well managed, stock is reducing, debtors and
creditors have improved and Group debt has fallen slightly.
Our focus will be on cash management and overall debt reduction during
the remainder of the year.
Sales of Haynes and Chilton manuals across the Group are on target.
For the first time in over 10 years we have been able to raise selling
prices of our manuals in the United States.
The Chilton product range has been fully integrated and the planned
efficiencies are beginning to flow through.
In the UK manual sales are ahead for the first time in many years due
to the implementation of the Haynes Gold Stockist programme, which has
been established during the last 6 months and has over 440 outlets across
the UK.
Sales in the General Publishing and Garage Equipment Divisions are ahead
of last year as is the Australian company.
France and Scandinavia have had a hesitant start to the year so far.
The integration and reorganisation of Sutton Publishing has continued
with a new management team in place. The elimination of losses and return
to profitability is our immediate objective by the end of the financial
year.
The Group now prints 100% of all Haynes and Sutton general publishing
titles in-house in the Sparkford factory.
A range of titles aimed at the 6m drivers aged between 17 and 29, many
of whom have a passion for customising and modifying their motor cars,
will be launched in March in conjunction with leading specialist magazines.
In the UK company we are preparing a programme of promotional and product
Public Relations activity aimed at raising the awareness of car DIY
and at increasing customer throughput through our stockists.
The utilisation of the Group’s automotive information database
is a continuing focus of attention. The valuation of our Intellectual
Property and the conversion of the data into a commercially viable
format is under way. Potentially this aspect of our business will be
one of significant opportunity in future.
Although we are trading in uncertain times, historically any hint of
economic belt tightening has worked in our favour in the manual business
which is the major profit contributor of the Group.
|
