Hayward Tyler Group plc (AIM: HAYT) – Reassuring trading update
Hayward Tyler Group plc (AIM: HAYT), the specialist engineering group, today announced an update confirming progress and confidence in the year ahead. This follows the positive Q4 trading update announced at the end of March.
Hayward Tyler is one of the world’s leading suppliers of electric motors and pumps, providing reliable technological solutions across the entire energy sector. Hayward Tyler is one of the oldest engineering companies in the UK and this year celebrates its bicentenary. The board has reported an improvement in the Group’s underlying gross and operating margins in the second half of the year. Management expects revenues for the full year to have increased in line with expectations, rising over 10% on a year-on-year basis. This has been underpinned by an order intake in the 12 months to 31 March 2015 of…