Additional Information
Market: AIM
Sector: Engineering
EPIC: SEGR
Latest Price: 23.50p  (0,00%)
52-week High: 87.50p
52-week Low: 19.00p
Market Cap: 10.69M
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Specialist Energy Group
segroupplc.com

Specialist Energy Group plc (SEG plc) is a niche engineering and manufacturing group. Through its main operating subsidiary Hayward Tyler Group Limited, the worldwide market leaders in boiler circulating pumps, its focus is on the energy sector.

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Specialist Energy Group rallies after 2011 order intake rises 5pct

1st Feb 2012, 8:34 am by Sergei Balashov Specialist Energy said trading in the second half of the year was strong with order intake reaching £31.6 million at the end of 2011

Shares in Specialist Energy Group (LON:SEGR) surged this morning after the AIM quoted specialist engineering group said trading picked up momentum in the second half of 2011.

In today’s pre-close statement, Specialist Energy said it performed strongly in the second half of 2011 with order intake reaching £31.6 million at the end of the year, a five percent improvement over 2010.

“We are pleased with the trading levels experienced in the second half which significantly exceeded those achieved in the first six months of the year,” said chief executive of Specialist Energy Ewan Lloyd-Baker.

In addition, the company has made a series of appointments at its main operating subsidiary Hayward Tyler including a group chief operating officer, group supply chain director and group human resources director.

The group said the appointments reflected the continuing investment in the business as it develops a “more reliable supply chain and flexible manufacturing operation to support its international customer-base”.

HT makes boiler circulating pumps (BCP) used in power stations to pump water at high temperature and high pressure.

The traditional buyers of BCPs are the large power utilities and leading boiler manufacturers. However the group has also branched into the oil and nuclear industries.

Specialist Energy will release its full year results for 2011 on April 16.

Investors cheered the report, sending shares in Specialist Energy up seven percent to trade at 30 pence at 7:25. The group currently has a market cap of £10.65 million.

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