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Interim Results

HellermannTyton revenues rise

21 August 2015 07:21

Revenues at HellermannTyton, a leading global manufacturer and provider of high performance and innovative cable management solutions, rose to £346.8m in the six months to the end of June.

This was 10.3% up at constant currencies and an increase of 18.6% at reported rates.

The group said each geographic segment showed strong revenue growth in constant currency compared to the first half of last year, led by Americas and Asian segments.

The automotive market showed strongest growth up 16.9% in constant currency, with the highest growth in the USA, China and South Korea.

Underlying EBITA rose to £52.3 million up 5.9% in constant currency (up 15.3% at reported rates), and operating profit increased to £45.3 million (H1 2014: £40.9 million).

The interim dividend of 3.09 cents per share is up from 2.82 cents last time. The dividend is payable in sterling at 2.2 pence per share @ £1.405/£1.

Chief executive Steve Salmon said: "The Group has produced strong revenue and profit growth in the first six months of 2015. Our Americas and Asian segments have performed particularly well, and order intake was ahead of sales in each of our geographic segments.

"Q3 has started well and the Group remains focussed on delivering growth for the full year."

Story provided by StockMarketWire.com

Related Company: HTY

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