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Hayward Tyler improves margins

In a trading update, Hayward Tyler said its management expects revenues for the full year ended 31 March 2015 to have increased in line with expectations, rising over 10% on a year-on-year basis, underpinned by order intake of £41.7 million.

Hayward Tyler’s net debt has fallen to £7.9 million, against a market expectation of £8.7 million, even with the company’s on-going investment in its Luton-based Centre of Excellence.

Ewan Lloyd-Baker, CEO of Hayward Tyler, said: “The Group’s on-going focus on margin improvement and expansion of our production capabilities, coupled with the strengthening of our balance sheet, puts Hayward Tyler in an increasingly well-placed position to capture significant opportunities across our chosen markets and achieve the board’s growth ambitions.”

Hayward Tyler’s audited consolidated results for the year ended 31 March 2015 will be published on 23 June 2015.