HAYNES PUBLISHING GROUP P.L.C.
HAYNES PUBLISHING GROUP P.L.C.
Annual Report & Accounts 2018
ABOUT HAYNES
Haynes Publishing Group P.L.C. ("the Group") creator and supplier of practical information and data solutions to motorists, enthusiasts and professional mechanics in print and digital formats.
O ur consumer content is delivered via both print and digital channels throughout the world. Through our Haynes, Chilton and Clymer brands, the Group is the worldwide market leader in automotive and motorcycle repair manual sales.
HaynesPro is a leading supplier of technical information to the automotive aftermarket. Through the acquisition of the E3 Technical business, the Group has expanded its technical offering to include high quality Vehicle Registration Mark (VRM) lookup capability and a UK help desk facility. Content is delivered entirely digitally on a subscription basis to over 60,000 workstations in over 27 languages across Europe.
OATS have developed a world leading comprehensive equipment and lubricants database that supports customers from across the lubricants marketing and supply chain.
The Group also publishes an extensive range of practical and DIY titles covering a wide variety of subjects, as well as a range of light entertainment manuals styled on the iconic Haynes Manual.
STRATEGIC REPORT
CORPORATE GOVERNANCE
SHAREHOLDER INFORMATION PARENT FINANCIAL STATEMENTS GROUP FINANCIAL STATEMENTS
CONTENTS
STRATEGIC REPORT 3 Business Highlights 4 Financial Highlights 5 Five Year Summary 6 Group Background
& Development 8 Group Strategy 10 Chairman's Statement 12 Chief Executive's Review 14 Chief Operating
Officer's Review 16 Finance Review 20 Key Performance Indicators 22 Principal Risks 24 Corporate and Social
Responsibility
CORPORATE GOVERNANCE 27 Group Board Directors
and Advisors 28 Group Board Director
Biographies 30 Report of the Directors 32 Corporate Governance Report 36 Report of the Audit
Committee 39 Report of the Remuneration
and Nomination Committee 49 Statement of Directors'
Responsibilities
GROUP FINANCIAL STATEMENTS 50 Independent Auditors' Report 55 Consolidated Income
Statement 56 Consolidated Statement of
Comprehensive Income 57 Consolidated Balance Sheet 58 Consolidated Statement of
Changes in Equity 59 Consolidated Cash Flow
Statement 60 Notes to the Consolidated
Financial Statements
PARENT COMPANY FINANCIAL STATEMENTS 97 Parent Company Balance Sheet 98 Parent Company Statement of
Changes in Equity 99 Notes to the Parent Company
Financial Statements
SHAREHOLDER INFORMATION 109 Financial Calendar and
Shareholder Information
Haynes Publishing Group P.L.C. Annual Report & Accounts 2018 1
WHERE WE OPERATE
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1 CORPORATE HEADQUARTERS HAYNES PUBLISHING GROUP P.L.C. Sparkford, Yeovil, Somerset BA22 7JJ England T:+44 (0)1963 440635 W:
2 OATS LTD 100 Delta Business Park Great Western Way Swindon SN5 7XP T: +44 (0) 1793 616138 E: sales@oats.co.uk W: oats.co.uk
3 HAYNESPRO (UK) LTD Whatman House St Leonard's Road, Allington Maidstone, Kent, ME16 0LS T: +44 (0)333 320 8636 E: info@
4 HAYNESPRO B.V. Flankement 6, 3831 SM Leusden The Netherlands Telephone: +31 (30) 603 6270 E: info@ W:
5 HAYNESPRO GMBH Stammheimerstra?e 10 Kornwestheim D-70806 Germany E: info@
6 HAYNESPRO S.R.L. str. Ritoride Nr.5 Sector 5, cod postal 050204 Bucuresti, Romania E: info@
7 HAYNESPRO SRL Strada Palera 97 Moncalieri Torino I-10024 Italy E: info@
8 HAYNESPRO IB?RICA 13, altillo 4a E025006 Lleida Spain E: info@
9 HAYNES NORTH AMERICA INC 859 Lawrence Drive Newbury Park CA 91320 USA T:+1 (805) 498-6703 E: sales@ W:
10 HAYNES AUSTRALIA PTY LTD. Unit 8, 17 Willfox Street Condell Park NSW 2200 Australia T: + 61 2 8713 1400 E: sales@.au W: .au
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2 Haynes Publishing Group P.L.C. Annual Report & Accounts 2018
STRATEGIC REPORT
CORPORATE GOVERNANCE
SHAREHOLDER INFORMATION PARENT FINANCIAL STATEMENTS GROUP FINANCIAL STATEMENTS
BUSINESS HIGHLIGHTS
1
Acquisition of the E3 Technical business for ?4.7 million expanding technical data
offering to include high quality vehicle registration mark look-up and a UK help desk facility.
2
Development investment increased to ?8.4 million, up
6% (2017: ?7.9 million) in sourcing new global content, developing delivery platforms
and commissioning and publishing new Haynes Manuals.
3
OATS secure first new global contract under Haynes
Group ownership leveraging combined data offering with
HaynesPro.
4
Diversification of Practical Lifestyle range through
addition of `Bluffers Guides'.
5
Investment in staff with introduction of new Long-Term Incentive Plan and Group wide
employee bonus scheme
6
Re-structuring of Australian operation to focus
on consumer manuals and professional automotive
product lines.
Haynes Publishing Group P.L.C. Annual Report & Accounts 2018 3
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