Specialist Energy Group (LON:SEGR) said order intake at its main operating subsidiary, Hayward Tyler Group Ltd, in the third quarter of the current financial year rose to £25.4 million – a 19 percent rise on the same period a year earlier.
The specialist power plant engineering group provided a business development update on its higher margin ‘aftermarket’ business – which deals with spares, field service and repairs.
New orders won by Hayward Tyler’s manufacturing division in the quarter include five offshore units for use in oil and gas exploration. The contracts, expected to be shipped next year, are valued at over £2 million.