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Sales dip at Haynes

31.01.08

Motor manuals publisher Haynes has seen sales slip in the six months to 30th November after experiencing "difficult trading conditions" in the US automotive aftermarket coupled with a continued weak US dollar. But its UK and European operations ended the period 13% ahead of the comparative six month period.

Group revenue from continuing operations ended the six month period to 30th November 2007 down 1% at £14.4m (2006: £14.5m). Operating profit on continuing operations fell to £2.8m, compared with £3.1m in 2006.

Revenue in the Haynes Book Division ended the six month period marginally ahead of last year. The company added: "In the UK, reports of a mixed Christmas trading period for retailers and an expectation of a further slow down in consumer spending is a concern. However, sales of the Haynes manuals have been performing well and the focus will continue on developing product and marketing initiatives aimed at growing sales of the core Haynes Manuals."

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