StockMarketWire.com - Haynes Publishing's first quarter group revenues - excluding the UK print operations sold in February - are in line with last year despite the continuing difficult market conditions.

Sales in the UK and Europe have had an encouraging start to the financial year, up 8% on the prior period.

Revenue in the UK was ahead by 10% helped by strong sales in the general publishing division, which ended the 13 week period 19% ahead of last year while revenue from its automotive manuals tracked in line with last year.

In the Netherlands, revenue from Vivid, after translation to sterling, ended the period 3% ahead of last year.

In the US, market conditions remain largely unchanged from that reported at the year-end with customer replenishment orders continuing to fall short of their own sales levels.

US revenue in sterling ended the 13 weeks 6% down on the same period last year.


Story provided by Business Financial Newswire