Strong revenue growth in its original equipment business helped Hayward Tyler (HAYT) offset losses from a troublesome US contract and lower margins from its after-market operations.
The pump and motor manufacturer was also buoyed by strong order intake – up 7 per cent to £27.6m. Demand was particularly strong from the nuclear and power generation sectors, with the latter accounting for over half of all orders and the former boosted by a big spares order from South Korea. The same can’t be said for the slumping oil and gas industry, which accounted for just 3 per cent of total order intake, but chief executive Ewan Lloyd-Baker expects demand to pick up soon.
We hold the following certifications: ISO 9001, ISO 14001, ASME N, ASME NPT, ASME NS, and HSB PED H1. We are also NQA-1 compliant.
