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Haynes Publishing underlines attractions with strong trading update

Having put itself up for sale earlier this month, the manuals and data group said half year profits will be 37% higher than a year ago.

Haynes Publishing Group Plc -
Repairs have got a lot more sophisticated since Haynes was founded

Haynes Publishing Group Plc (LON:HYNS) is doing all it can to appeal to a potential buyer.

Having put itself up for sale earlier this month, the manuals and data group said half-year profits will be 37% higher than a year ago.

Eddie Bell, chairman, said the improvement was driven entirely by organic growth, with both revenue and underlying profit tracking ahead of the prior year.

“Our strong performance is underpinned through our sustained investment in product innovation, content integration and growing data coverage.”

Haynes is approaching its sixtieth anniversary but is looking for a buyer as it said it needs to be part of a group with the financial resources to invest for future expansion and “take the company through to the next 60 years of success."

Quick facts: Haynes Publishing Group PLC

Price: 685 GBX

LSE:HYNS
Market: LSE
Market Cap: £103.59 m
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