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04 Jun 2019 | 08:30

Haynes Publishing expects profits to top market expectations following 'strong' first half

Haynes Publishing Group said it expected adjusted pre-tax profit to top market expectations following 'strong' trading performance in the first half of the year. For the financial year ended 31 May 2019, the company said it expected adjusted profit before tax to exceed current market expectations by about 10% and finish ahead of the prior year by about 24%. 'I am delighted to report another strong year for Haynes with both revenue and underlying profit tracking ahead of market expectations and the prior year,' said Eddie Bell, Group Chairman. 'Our continued investment in people and new technologies, that enhances our specialist content and data sets, is a key driver behind this strong performance. It also enables us to provide innovative product solutions for our customers today and in the future.'

At 8:30am: (LON:HYNS) Haynes Publishing Group PLC share price was +21p at 218p

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