Specialist engineer Hayward Tyler Group PLC (LON:HAYT) remains confident of meeting revenue forecasts this year of £80mln in spite of a flat first half as orders have picked up recently.
Sales in the half year to September were £22.5mln (£21.8mln), which will mean an operating loss of £5.5mln, but the order book at the end of the period was £48mln.
Hayward added that based on this, its strong pipeline of opportunities, improved order intake and a shorter revenue cycle it was confident of meeting market expectations.