9th Oct 2014 07:00
9 October 2014
Hayward Tyler Group plc
("Hayward Tyler", the "Company" or "Group")
Energy Contract Wins - nuclear and conventional
Notice of Interim Results
Hayward Tyler Group plc (AIM: HAYT.L), the specialist engineering group, is delighted to report a series of further contract wins in the nuclear and conventional energy markets totalling over £10 million during September. New contracts signed by the Company in H1 now stand at £27.6 million, 7% ahead of the same period last year and ahead of internal targets for the first half of the year.
New orders secured in September include a contract worth over £7 million for a range of nuclear spares for Korea Hydro and Nuclear Power; a UK nuclear contract for Sellafield for canned motor pumps; aftermarket orders in India and Argentina, and new unit wins for new-build conventional power stations in China, collectively totalling approximately £2 million. Management expects the bulk of the September orders to be shipped during the next twelve months with approximately 50 per cent. falling within the current financial year.
Ewan Lloyd-Baker, CEO of Hayward Tyler, commented:
"Given the visibility we now have, and the ongoing positive outlook for new orders, the Board is confident in the Group's ability to at least achieve current market expectations for the full year.
"We likewise continue to drive our improvement programme forward across our existing sites - the on-going investment programme at our Luton centre focused on ensuring that we have scale-able production capabilities that will allow us to significantly increase output over the mid to long-term. We are also looking to develop longer term opportunities in our end markets."
Separately, the Company announces that its unaudited results for the six month period ended 30 September 2014 will be published on Tuesday 11 November 2014. The management team will be hosting an analyst briefing at 10.00am on the day at the offices of their nominated adviser and broker, finnCap Limited, in London.
Analysts who wish to attend should contact Toby Hall ([email protected]) to register.
Enquiries:
Hayward Tyler Group plc Ewan Lloyd-Baker, Chief Executive Officer Nicholas Flanagan, Chief Financial Officer
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Tel: +44 (0)1582 731144 |
Akur Limited - Corporate Finance adviser Tom Frost David Shapton
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Tel: +44 (0)20 7493 6548 |
FinnCap Limited - NOMAD & Broker Matt Goode - Corporate Finance Ben Thompson - Corporate Finance Tony Quirke - Corporate Broking
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Tel: +44 (0)20 7220 0500
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GTH Communications Limited Toby Hall
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Tel: +44 (0) 20 7822 7493 / +44 (0)7713 341072
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