Hellermanntyton Share Discussion Threads

[johnsoho] 02/3/2015 10:13

HellermannTyton Group PLC

"HellermannTyton" or "the Group"

Preliminary Results

HellermannTyton, the market-leading global manufacturer and provider of high performance and innovative cable management solutions, announces its preliminary results for the year ended 31 December 2014.

Highlights

-- Revenue of EUR596.9 million, up 13.5% in constant currency (up 10.9% at reported rates)
-- Each geographic segment delivered double digit constant currency revenue growth, and strong revenue growth at reported rates

-- Automotive market showed strong growth, up 19.8% in constant currency, particularly in the car market in all regions and in the bus and truck market in USA and China

-- Underlying EBITA of EUR90.4 million, increased by 11.4% in constant currency (up 9.0% at reported rates), and operating profit was EUR82.9 million (2013: EUR63.5 million)

-- Proposed final dividend of 5.63 cents per share, an increase of 7.6%, resulting in a full year dividend of 8.45 cents

-- Order intake up by 13.0% in constant currency with positive book-to-bill ratios in each region
Summary financial performance


Growth (%)
EUR million 2014 2013 Reported Constant
Rates Currency
Revenue 596.9 538.0 10.9 13.5
Underlying EBITA

Operating profit 90.4 83.0

Underlying Basic 82.9 63.5
EPS (cents)
26.08 22.81 9.0
Basic EPS (cents)
23.66 10.60 30.6
Final dividend
per share (cents) 5.63 5.23 14.3 11.4

Note: The Group defines Underlying EBITA as profit before taxation, interest and amortisation (excl. business software amortisation) and certain one-off costs (including reorganisation and termination costs), transaction costs, and non-cash losses or gains on revaluation of intra group loans.

Steve Salmon, CEO, commented: "2014 was another year of profitable growth for HellermannTyton against a background of mixed economic conditions. Encouragingly, this growth is not attributable to any one geography, customer, project win or product launch, and it primarily reflects the increased volume of sales in all of the Group's segments.

We have continued to be successful in specifying our products on customers' upcoming platforms and our world class marketing activities are delivering a strong pipeline of projects. We have expanded our global presence and extended our range of cable management products in order to provide comprehensive solutions and increase customer penetration."

[gohil18] 02/3/2015 08:11

Missed forecast PBT expectations? I expected £66.7m PBT for 2014 based on Digital Look's forecast, but they came in at £52.4m i.e. over £14m short. Appreciate some clarity?

[rjd1233] 22/8/2014 07:58

All looks good:-

HellermannTyton Group PLC

22 August 2014

22 August 2014

HellermannTyton Group PLC

"HellermannTyton" or "the Group"

Interim Results

HellermannTyton, the market-leading global manufacturer and provider of high performance and innovative cable management solutions, announces its interim results for the six months ended 29 June 2014, a period of good growth.

Highlights

-- Revenue of EUR292.4 million up 14.9% in constant currency (9.3% at reported rates)

-- Each geographic segment showed double-digit revenue growth in constant currency compared to the first half of last year, led by EMEA and Asian segments

-- Automotive market showed strong growth (19.9% in constant currency), mainly in the Americas (USA) and Asian (China and South Korea) segments

-- Underlying EBITA of EUR45.4 million up 12.9% in constant currency (7.7% at reported rates), and operating profit of EUR40.9 million

-- Interim dividend of 2.82 cents per share
-- Order intake up by 14.0% in constant currency with positive book-to-bill ratios in each region

Summary financial performance


Growth (%)
EUR millions H1 2014 H1 2013 Reported Constant
Rates Currency
Revenue 292.4 267.5 9.3 14.9
Underlying EBITA(1)

Operating profit 45.4 42.1

Basic EPS (cents) 40.9 28.8 7.7

Underlying Basic EPS 11.32 6.54 42.1
(cents)
12.82 11.78 73.1
Interim dividend per
share (cents) 2.82 1.32(2) 8.8 12.9


Notes: 1) The Group defines Underlying EBITA as EBITA before certain one-off costs (including reorganisation and termination costs), transaction costs, and non-cash losses or gains on revaluation of intra group loans. 2) The initial interim dividend was pro-rated for the period from admission in April 2013 to 30 June 2013.

Summary commentary and outlook

Steve Salmon, CEO of HellermannTyton, commented: "The Group continued to deliver good organic revenue and profit growth in the first half of 2014 across each of our geographic segments and broadly based growth by industry. Order intake was ahead of sales overall for the Group but softened slightly in our Asian segment.

Our focus continues to be on high potential growth opportunities, product innovation and operational excellence in order to maintain our competitive position. Order intake growth in Q3 has started well and we remain confident about the outlook for the full year."

Financial position

The Group's net borrowings at 29 June 2014 were EUR176.9 million (H1 2013: EUR145.9 million). Net cash generated from operating activities in the period was EUR14.4 million (H1 2013: EUR12.7 million). As at 29 June 2014, the Group had a EUR230.0 million revolving credit facility of which EUR200.0 million was drawn. Cash and cash equivalents were EUR32.6 million (H1 2013: EUR71.7 million).

[sagarn] 05/4/2014 10:04

Hitting new 52 week highs, broken out nicely...

[sagarn] 20/3/2014 16:33

Well first 25% of the stock sold been taken by: Mondrian Investment Partners Limited.

[lennonsalive] 20/3/2014 08:56

Very good the place was completed quick and shame the share price has taken a knock on thre RNS.

[sagarn] 20/3/2014 08:07

Agreed melody. Discount wasn't massive which is reassuring and doesn't seem they had any trouble placing that amount of shares pretty damn quickly which evidences strong demand. So I'm happy to hold for more gains too. Placing also gives the share price some good support. Share price will settle again soon enough just like it did after the placing last year and will continue to rise.

[ltinvestor] 20/3/2014 08:07

Looks like it was placed easily at a small discount so expecting good news over the next 6 months or so.LT

[melody9999] 20/3/2014 07:52

well thats clean and tidy then. was considering selling too but 305p is only 3 or 4% below current price... and considering the quantity sold not a massive discount.

I'm holding for more gains.

[sagarn] 18/3/2014 15:27

Two buys totalling £3.6m just gone through! Superb vote of confidence.

[prestigen] 13/3/2014 08:27

Went ex div yesterday.

[mechanical trader] 07/3/2014 14:01

HTY on the verge of a breakout and all time high.

[mechanical trader] 07/3/2014 08:22

HTY.

All looks positive to me after the good results.........

HELLERMANNTYTON GROUP BROKER VIEWS

Date Broker Recommendation Price Old target price New target price Notes

06 Mar Goldman Sachs Buy 321.60 370.00 390.00 Reiterates
05 Mar Canaccord Genuity Buy 321.60 330.00 370.00 Reiterates
05 Mar JP Morgan Cazenove Overweight 321.60 - - Reiterates
04 Mar JP Morgan Cazenove Overweight 321.60 360.00 370.00 Reiterates
03 Mar Numis Add 321.60 340.00 340.00 Reiterates


Outlook (from results 3 March 2014)

2014 has started well as the Group continues to focus on delivering growth through broadly based initiatives. Global industrial production is forecast to increase in 2014, and we expect to benefit from this given our focus on providing innovative solutions for our industrial customer base. In addition, we anticipate being able to carry on taking advantage of a number of positive underlying structural drivers, including the increasing demand for power and data and the ongoing switch from metal to plastic. Our programme of capital investment is designed to ensure we continue to deliver sustainable growth.

[lennonsalive] 03/3/2014 17:57

This had a great break past 320p today and then sank back with the markets. Let's hope it gets a rerating for another push upwards.

[nhp5] 22/11/2013 08:36

Has support around 280p. If it drops much below this it could fall further to its next support of around 260p. Equally, could bounce back up nicely from 280p to its highs and further. Not uncommon for this share to be chugging along and then one day zoom all of a sudden a good few per cent. Also worth noting, the long term trend line still firmly in place and the company seems to performing well. All IMHO. Ps I'm buying again after I sold previously. More upside than down for me. Regards

[pyiannoullou] 21/11/2013 07:46

Thanks NHP5. Maybe things will perk up again in December

[nhp5] 20/11/2013 18:58

pyiannoullou: Probably because its considered a 'boring' company that makes 'boring' products and the market is more interested in dizzy tech companies and risky oilers. But over the long term, 'boring' companies make great investments becasue they are less volatile, provide a good income stream and under the radar.

[pyiannoullou] 20/11/2013 11:33

Does anyone know why this continues to drop despite good interim + 2 brokers upping there targets?

[varrirob] 14/11/2013 11:20

We should also get a bit of a leg up when we officially get registered into the FTSE250, that hasn't benn RNS'd yet.

[nhp5] 14/11/2013 10:15

IMS looked good indeed, but worth remembering that HTY is a medium/longer term investment and the share price rise will be slow and sustained, rather than volatile and up/down 10% in a day like others; hence the muted response IMHO. All bodes well for the results. Any idea what date they are likely to be released?

[david15x] 14/11/2013 07:15

Statement looks good!

[tolly_jay] 12/11/2013 23:38

Can naked trader really have that much of an influence on a FTSE 250 share considering he topsliced (did not sell all his holding) at circa 315. Still holding and hoping today was a shake. The company surely couldn't have done badly in an improving economy.

[lunarjim] 12/11/2013 23:24

"Naked trader sold some of his holding so may be part of the reason"

he sold 2000 on 6/11, still has 10000 left. don't think thats the reason for the drop. don't understand how it can drop like that without there being any big sales.

[melody9999] 12/11/2013 22:56

Well here is the outlook from the half years at 29/8/13. Not sure there can be massive changes in just over 2 months.


HellermannTyton is making solid progress in executing its organic growth strategy by focussing on the areas of highest potential, despite the fact that end market demand continues to be affected by global economic uncertainty. We remain committed to investing in new product development and in our world class operations in order to ensure that we maintain our long term competitive edge. The Group continues to evaluate a number of potential bolt-on acquisition opportunities in line with its stated disciplined strategy. Order intake for the start of the second half of 2013 continues to be good, and the Board remains confident in the prospects for the full year.

[pezza4] 12/11/2013 22:22

Naked trader sold some of his holding so may be part of the reason