RNS Number : 6562Z
Huveaux PLC
23 July 2008
23 July 2008
Huveaux PLC
Interim Results for the six months ended 30 June 2008
Financial Highlights
* Revenue at �21.7m (2007: �21.7m)
* Revenue from retained business up 7% to �13.3m *
* EBITDA up 87% at �1.8m (2007: �1.0m)**
* EBITDA from retained business of �1.1m (2007: �0.5m)
* Normalised Profit before tax of �0.9m (2007: �0.1m)***
* Loss before tax of �0.9m (2007: �1.5m)
* Normalised Earnings per share of 0.39 pence (2007: 0.02 pence)***
* Net debt reduced to �8.5m
Operational Highlights
* Strong organic growth in revenue in Political Division
* Successful launch of Civil Service Live
* Investment in Education Division in anticipation of curriculum change
* Successful disposals of non-core operations in line with strategic goals
* Strong balance sheet with gearing now appropriate for the ongoing business
* Recovery underway with strong cost control
Summary of Results Six months to Six months to
30 June 2008 30 June 2007
�'000 Unaudited Unaudited
Total Revenue 21,675 21,663
Revenue from Retained Business 13,294 12,453
EBITDA** 1,799 963
EBITDA from Retained Business 1,148 483
Normalised profit before tax*** 865 58
Loss before tax (907) (1,547)
Normalised earnings per share (basic)*** 0.39p 0.02p
Loss per share (basic) (3.01)p (0.75)p
* Retained business is excluding the sold French Healthcare and Epic
businesses. The results of Epic are included in continuing business for
statutory purposes
** EBITDA is calculated as earnings before interest, tax, depreciation,
amortisation of intangible assets acquiredthrough business combinations,
and non trading items
*** Normalised profit is stated before amortisation of intangible assets
acquired through business combinations, and non trading items and related
tax. The Group believes that these measures provide additional guidance to
the statutory measures of performance of the business. These measures are
not defined under adopted IFRS and therefore may not be directly
comparable with other companies* adjusted profit measures.
Gerry Murray, Chief Executive of Huveaux, commented:
"Our first half performance has demonstrated our ability to deliver against a number of key strategic objectives. The results show that
the Group is well on the way to its predicted recovery in 2008.
While the first half result is structurally smaller than the second, the operating results show significant organic growth within the
Political Division. Having completed the disposals, the Group is less dependent on traditional advertising as a source of revenue and has
seen good growth in areas such as online information provision, face-to-face events and exhibitions.
We have divested two businesses to best realise shareholder value. The French Healthcare business significantly affected the results in
2007, and its sale reduces the trading risks of the Group. This sale, together with the disposal of Epic, has led to the repayment of a
significant part of the Group's debt and leaves the Group with a strong balance sheet and a debt level that is appropriate for the ongoing
business."
For further information, please contact:
Huveaux
Gerry Murray, Chief Executive Officer 020 7245 0270
Rupert Levy, Group Finance Director
John van Kuffeler, Non-Executive Chairman
Brewin Dolphin Limited (NOMAD)
Sandy Fraser, Managing Director 0131 225 2566
An analyst presentation will be held at 9.30am at Brewin Dolphin, 12 Smithfield Street, London EC1A 9BD, with coffee available from
9am.
OPERATING AND FINANCIAL REVIEW
Group Performance
The first half of 2008 saw revenue of �21.7m (2007: �21.7m). This reflects organic growth of 7% from within the retained businesses
offset by the effect of the disposal of two businesses in early June 2008. For statutory purposes only the French Healthcare business is
included in "discontinued operations", while the results of Epic are included in continuing businesses within the Learning Division.
EBITDA increased from �1.0m to �1.8m in aggregate, and from �0.5m to �1.1m on the retained businesses. Basic loss per share was 3.01
pence (2007: 0.75 pence). Normalised earnings per share increased from 0.02 pence to 0.39 pence.
Operating Review
Political Division
Revenue in the Political Division grew by 13% to �7.8m (2007: �6.9m) and EBITDA more than doubled to �0.9m (2007: �0.4m). The
Political Division now includes the French political business, the Political Knowledge business and Fenman as well as Dods (and the
comparative results have been restated accordingly).
The highlight of the first half of the year was the launch of Civil Service Live at the Queen Elizabeth II Conference Centre in April.
More than 6,000 senior civil servants attended over the 3 days and speakers included the Prime Minister and the Cabinet Secretary. This new
exhibition which showcased best practice and innovation in public sector delivery received positive reaction from the Cabinet Office, the
sponsors, the exhibitors and the attendees, and plans are in hand both for regional events in early 2009, and a second edition of the main
exhibition in July 2009 at Olympia. This change of venue and timing gives the opportunity for significant expansion, and lowers the risk
that the event might clash with a General Election in the future.
Elsewhere within the UK political division, growth was driven through an increase in the number of sponsored face-to-face events.
The first half has seen us re-launch The Monitor to ensure that it maintains its place as the leading provider of information on policy
change. In addition, an independently operated readership survey reported that 68% of MP*s regularly read The House Magazine, showing that
it remains by far the most widely read weekly political magazine within its core audience.
Our European business showed revenue growth of 15% in the first half. The main drivers of this growth were the online EU Monitoring business
which more than doubled over 2007 and regional projects advertising. Our portfolio in Brussels continues to expand its awards and events
offerings, as well as showing good growth in advertising revenue.
Our French political business, Le Trombinoscope, saw the first half ahead of 2007. This is unlikely to be repeated in the second half as
the presidential and parliamentary elections in the second half of 2007 provided a cyclical boost to revenue which will not be repeated in
2008.
Our Political Knowledge business, incorporating Westminster Explained and Westminster Briefing, continues to grow well. We are providing
an increasing number of bespoke courses which strengthen our relationships with our customers and provide a higher level of visibility of
earnings for the second half of 2008. In addition, we continue to see a healthy increase in the number of Conferences that we are running.
The rise of the Conservative Party in the polls and the more competitive political landscape has helped to strengthen forward sales into
the busy party conference season. The second half of 2008 will also see an increasing number of awards and events. We are therefore
confident that 2008 will show good revenue, profit and margin growth.
Education Division
The Education Division had first half revenues of �5.5m (2007: �5.5m) and EBITDA of �0.9m (2007: �0.9m).
In the UK (excl. Scotland), 2008 is seeing large scale changes to the secondary curriculum. In the first half of 2008, this market was
down by 5% as schools delayed ordering whilst evaluating new KS3 and A-level materials, with a knock-on effect on GCSE materials as the
overall departmental budget requirements were evaluated.
This shortfall in the Schools sales was offset by growth in sales to trade outlets. This growth reflects our good relations and
increased business with WH Smith and Borders. We also had increased business with the non-traditional accounts such as the major
supermarket chains, and by adding Argos to our customer list for the first time.
In Scotland, school sales were also down, reflecting Scottish local authorities' budget shortfalls, and the absence of the one-off extra
funding for schools which was given ahead of the elections in the same period in 2007. As in the remainder of the UK, this schools
shortfall was more than made up by an increase in trade sales.
While the trade sales are at a lower margin than school sales, the overall margin has been maintained due to the effects of the cost
reduction programme put in place in 2007. In addition, a large amount of work has been undertaken to ensure that production costs are kept
in check.
The impending curriculum changes have resulted in the need for significant investment in publications. This has led to 68 new titles
released in the first half of the year (of which 8 were purely digital products) and a further 131 new titles scheduled to be published in
the second half (11 purely digital).
Our digital development programme continued to gather pace, and included the launch of product specifically for iPods in early 2008.
Online sales of books (both through our own and third party websites) have increased significantly and plans are well advanced to launch
additional digital products with third party partners.
These investments reinforce Huveaux's position as the leading publisher in the UK revision market. The second half of 2008, with the new
curriculum and a new academic year, remains core to delivering a good result for the full year.
Financial Review
Net debt at 30 June 2008 amounted to �8.5m. This represents a significant reduction from the �18.7m at 31 December 2007. The major
movements are due to the full repayment of the Group's euro loan (EUR12.75m at 31 December 2007) together with �1.1m paid against the
residual sterling loans.
During the first half we generated �2.4m of operating cash flows. The level of gearing for the Group, with net debt at approximately
twice run-rate EBITDA, provides a robust financial position going forward.
The two businesses disposed of during the period gave rise to a net loss after tax of �4.0m. The French Healthcare business was sold to
local management, backed by a French Private Equity house, for a consideration of EUR8.25m and Epic was sold to a private investor for
�4.75m. In both cases all of the consideration was received in cash on completion and was set off against the Group's debt.
The cost improvement plans were established and implemented during 2007. Within the head office, significant costs have been removed,
resulting in a 19% reduction in such costs over the corresponding period in 2007.
Outlook
In 2008 the second half of the financial year will again be more important for Huveaux, as it coincides with the start of both the
academic and parliamentary years in September and October respectively.
The outlook for Huveaux in the second half of 2008 is encouraging across much of the Group. The political market remains solid, and the
new products, especially in our expanding events businesses, continue to perform well and the Division is expected to produce good growth in
the full year. The Education Division is performing strongly; however the full effect of curriculum change and the changed mix between
trade sales and school sales, will only fully emerge in the second half of the year.
Following the disposal of the French Healthcare business and Epic during the first half of the year, the Board remains focussed on
delivering shareholder value through organically generated growth in revenues together with an emphasis on increasing margins across the
business. Our retained businesses enjoy established leading positions in their respective niche markets; we have preserved a coherent
spread of business activities following completion of the disposals; and there are encouraging signs of recovery across the portfolio.
While the Board is mindful of the difficult economic climate, we remain cautiously optimistic as regards to the full year outcome
HUVEAUX PLC
CONSOLIDATED INCOME STATEMENT
For the six For the six For the year
months ended months ended ended
30 June 30 June 31 December
2008 2007 2007
Unaudited Unaudited and Audited and
Restated* Restated*
Note �'000 �'000 �'000
Revenue 3 16,111 15,542 34,197
Cost of sales (9,615) (9,741) (19,512)
Gross profit 6,496 5,801 14,685
Administrative expenses:
Non-trading items - - (1,032)
Loss on disposal of (170) - -
investments
Amortisation of intangible (1,465) (1,416) (2,969)
assets acquired through
business combinations
Other administrative expenses (5,405) (5,525) (10,659)
(7,040) (6,941) (14,660)
Operating (loss)/profit (544) (1,140) 25
Financing income 62 106 148
Financing costs (425) (513) (1,231)
Loss before tax (907) (1,547) (1,058)
Income tax credit 4 656 391 1,145
(Loss)/profit after tax from (251) (1,156) 87
continuing operations
Results from discontinued 8 (4,330) 9 275
operations (net of tax)
(Loss)/profit for the period (4,581) (1,147) 362
Earnings per share
Basic 5 (3.01 p) (0.75 p) 0.24 p
Diluted 5 (3.00 p) (0.75 p) 0.24 p
* restated to exclude discontinued operations (see note 8).
HUVEAUX PLC
CONSOLIDATED BALANCE SHEET
As at As at As at
30 June 30 June 31 December
2008 2007 2007
Unaudited Unaudited and Audited
Restated
Note �'000 �'000 �'000
Goodwill 6 23,324 28,046 28,651
Intangible assets 7 31,892 43,083 42,325
Property, plant and equipment 420 1,125 887
Non-current assets 55,636 72,254 71,863
Inventories 2,448 3,657 3,181
Trade and other receivables 4,776 10,571 12,175
Derivative financial instruments 50 140 117
Cash and cash equivalents 1,678 2,925 1,994
Income tax receivable - - 163
Current assets 8,952 17,293 17,630
Interest bearing loans and (2,130) (3,391) (3,788)
borrowings
Income tax payable (15) (163) -
Provisions (50) (86) (709)
Trade and other payables (7,670) (14,835) (14,703)
Current liabilities (9,865) (18,475) (19,200)
Net current liabilities (913) (1,182) (1,570)
Total assets less current 54,723 71,072 70,293
liabilities
Interest bearing loans and (8,075) (18,022) (16,877)
borrowings
Employee benefits - (156) (141)
Deferred tax liability (5,326) (7,768) (7,390)
Non current liabilities (13,401) (25,946) (24,408)
Net assets 41,322 45,126 45,885
Capital and reserves
Issued capital 15,200 15,200 15,200
Share premium 30,816 30,816 30,816
Other reserves 409 409 409
Retained (loss)/earnings (5,100) (1,301) 25
Translation reserve (3) 2 (565)
Equity shareholders' funds 9 41,322 45,126 45,885
* restated to exclude discontinued operations (see note 8).
HUVEAUX PLC For the six For the six For the year
CONSOLIDATED STATEMENT OF CASH months ended months ended ended
FLOWS
30 June 30 June 31 December
2008 2007 2007
Unaudited Unaudited and Audited and
Restated* Restated*
Note �'000 �'000 �'000
Cash flows from operating
activities
(Loss)/profit for the period (4,581) (1,147) 362
Depreciation of property, 161 140 300
plant and equipment
Amortisation of intangible 1,465 1,416 2,969
assets acquired through
business combinations
Amortisation of other 586 267 828
intangible assets
Discontinued operations 4,330 (9) (275)
Loss on sale of subsidiary 170 - -
Profit on disposal of assets - (67) (64)
held for sale
Movements on defined benefit - - 18
scheme
Share based payments charges 75 114 105
Net finance costs 363 407 1,083
Income tax expense (701) (391) (1,146)
Cash flow relating to (660) 39 (434)
restructuring provisions
Operating cash flows before 1,208 769 3,746
movements in working capital
Change in inventories (422) (573) (76)
Change in receivables 616 3,229 1,363
Change in payables 240 (578) 1,516
Cash generated by operations 1,642 2,847 6,549
Income tax paid (26) (280) (417)
Net cash from operating 1,616 2,567 6,132
activities
Cash flows from investing
activities
Interest and similar income 61 106 129
received
Proceeds from sale of - 23 19
property, plant and equipment
Proceeds from sale of assets - 252 252
held for sale
Net deferred consideration - (100) (140)
paid
Proceeds from sale of 4,750 - -
subsidiary
Cash divested with sale of (68) - -
subsidiary
Acquisition of property, plant (120) (292) (256)
and equipment
Acquisition of publishing - (164) (183)
rights
Acquisition of other (586) (232) (1,697)
intangible assets
Net cash used in investing 4,037 (407) (1,876)
activities
Cash flows from financing
activities
Interest and similar expenses (764) (294) (1,460)
paid
Repayment of borrowings (10,460) (1,569) (3,186)
Dividends paid - (1,839) (1,839)
Net cash used in financing (11,224) (3,702) (6,485)
activities
Net decrease in cash and cash (5,571) (1,542) (2,229)
equivalents in continuing
operations
Opening cash and cash 1,477 3,685 3,685
equivalents
Effect of exchange rate (629) 11 21
fluctuations on cash held
Closing cash and cash (4,723) 2,154 1,477
equivalents in continuing
operations
Cash flows from discontinued
operations
Net cash increase/(decrease) 573 (140) (559)
from operating activities
Net cash used in investing 5,303 298 417
activities
Net cash used in financing (1) (2) (18)
activities
Net increase/(decrease) in 5,875 156 (160)
cash and cash equivalents
Opening cash and cash 517 622 622
equivalents
Effect of exchange rate 9 (7) 55
fluctuations on cash held
Closing cash and cash 6,401 771 517
equivalents in discontinued
operations
Total cash and cash 10 1,678 2,925 1,994
equivalents in the Group
* restated to exclude discontinued operations (see note 8). The restatement
of the cash flow statement for the year ended 31 December for discontinued
cash flows has not been audited.
HUVEAUX PLC
Notes to the Accounts
30 June 2008
1 Statement of Accounting Policies
These accounts comply with relevant accounting standards and have been prepared on a consistent basis using the accounting policies set
out in the Annual Report & Accounts 2007.
Discontinued operations
A discontinued operation is a component of the Group's business that represents a separate major line of business or geographical area
of operations that has been disposed of or that meets the criteria to be classified as held for sale. Discontinued operations are presented
in the income statement (including the comparative period) analysing the post-tax profit or loss of the discontinued operation.
2 Nature of information
The interim accounts for the six months ended 30 June 2008 and the comparative figures for the six months ended 30 June 2007 are not
audited by the Company's auditors. The financial statements for the twelve months ended 31 December 2007 have been reported on by the
Company's auditors and delivered to the Registrar of Companies. The report of the auditors on such accounts was unqualified and did not
contain any statement under Sections 237(2) or 237(3) of the Companies Act 1985.
3 Segmental information
Segmental information is presented in respect of the Group's business and geographical segments. The primary format, business segments,
is based on the Group's management and internal reporting structure. The secondary segment represents geographical destination of turnover.
The Learning Division was previously reported as one business segment. This has been restated to show the retained Learning businesses
within the Political Division to best reflect the internal reporting structure. The Learning Division as restated comprises only the
results from the Epic business, which was sold in June 2008.
The French Political business, which was previously reported within the Healthcare Division, is now included within the Political
Division.
Six months ended Six months ended Year ended
30 June 30 June 31 December
2008 2007 2007
Unaudited Unaudited Unaudited
Revenue (primary segment) �'000 �'000 �'000
Political
Political 5,530 4,782 11,753
Learning 2,268 2,143 4,256
7,798 6,925 16,009
Learning 2,817 3,089 6,288
Education 5,496 5,528 12,060
Eliminations - - (160)
Revenue from continuing 16,111 15,542 34,197
operations
Healthcare (discontinued) 5,564 6,121 11,872
Total revenue 21,675 21,663 46,069
Revenue (secondary segment)
United Kingdom 14,711 14,243 30,164
Continental Europe and rest of 6,964 7,420 15,905
the world
21,675 21,663 46,069
3 Segmental information
(continued)
Six months ended Six months ended Year ended
30 June 30 June 31 December
2008 2007 2007
Unaudited Unaudited Unaudited
EBITDA from operations �'000 �'000 �'000
(primary segment)*
Political
Political 550 171 2,244
Learning 353 201 580
903 372 2,824
Learning 249 8 218
Education 887 904 2,933
Head Office (642) (793) (1,473)
EBITDA from continuing 1,397 491 4,502
operations
Healthcare (discontinued) 402 472 1,299
Total EBITDA 1,799 963 5,801
* EBITDA is defined by the Directors as being earnings before interest, tax,
depreciation, amortisation of intangible assets acquired through business
combinations, and non-trading items.
A reconciliation between EBITDA and operating profit is shown in Schedule A.
4 Taxation
The taxation charge for the six months ended 30 June 2008 is based on the expected annual tax rate. It includes a tax credit of
�587,000 relating to the sale of intangible assets acquired with the Epic business in 2005.
5 Earnings per Share
Six months ended Six months ended Year ended
30 June 30 June 31 December
2008 2007 2007
Unaudited Unaudited Audited
�'000 �'000 �'000
(Loss)/profit attributable to (4,581) (1,147) 362
shareholders
Add: loss on sale of 6,582 - -
operations
Add: non-trading items - - 931
Add: amortisation of 1,603 1,583 3,304
intangible assets acquired
through business combinations
Less: tax thereon (3,005) (403) (1,838)
Adjusted profit attributable 599 33 2,759
to shareholders
Shares Shares Shares
Weighted average number of
shares
In issue during the year - 151,998,453 151,998,453 151,998,453
basic
Dilutive potential ordinary 586,820 950,981 634,341
shares
Diluted 152,585,273 152,949,434 152,632,794
Earnings per share - basic (3.01) (0.75) 0.24
(pence)
Earnings per share - diluted (3.00) (0.75) 0.24
(pence)
Normalised earnings per share
before non-trading items and
amortisation
of intangible assets acquired 0.39 0.02 1.82
through business combinations
(pence)
6 Goodwill
Six months ended Six months ended Year ended
30 June 30 June 31 December
2008 2007 2007
Unaudited Unaudited Audited
�'000 �'000 �'000
Cost & Net book value
Opening balance 28,651 28,165 28,165
Revisions to fair values of 7 98 584
assets and liabilities on
acquisitions made in the
prior year
Disposals (5,334) (217) (98)
Closing balance 23,324 28,046 28,651
7 Intangible fixed assets
Six months ended Six months ended Year ended
30 June 30 June 31 December
2008 2007 2007
Unaudited Unaudited Audited
Assets acquired through �'000 �'000 �'000
business combinations
Cost
Opening balance 47,633 47,927 47,927
Acquisitions through business - 164 183
combinations
Disposals (10,504) (477) (477)
Closing balance 37,129 47,614 47,633
Amortisation
Opening balance 7,378 4,097 4,097
Charge for the period 1,603 1,583 3,304
Disposals (1,980) (23) (23)
Closing balance 7,001 5,657 7,378
Net book value
Opening balance 40,255 43,830 43,830
Closing balance 30,128 41,957 40,255
Other intangible assets
Net book value
Opening balance 2,070 1,058 1,058
Closing balance 1,764 1,126 2,070
Net intangible assets
Opening balance 42,325 44,888 44,888
Closing balance 31,892 43,083 42,325
During the period the Group disposed of its French Healthcare business and its investment in Epic Group PLC (see note 8).
Other intangible assets comprise IT software and plate costs for revision guide materials.
8 Discontinued operations
Discontinued operations comprise the results of the French Healthcare business, which was sold on 3 June 2008. Results attributable to
this business were as follows:
Six months ended Six months ended Year ended
30 June 30 June 31 December
2008 2007 2007
Unaudited Unaudited Unaudited
�'000 �'000 �'000
Revenue 5,564 6,121 11,872
Cost of sales (4,077) (4,490) (8,406)
Gross profit 1,487 1,631 3,466
Non-trading items - - 101
Amortisation of intangible (138) (167) (335)
assets acquired through
business combinations
Other administrative expenses (1,147) (1,209) (2,286)
Operating profit 202 255 946
Net finance costs (202) (233) (457)
Profit before tax - 22 489
Related income tax 5 (13) (214)
Loss on sale of discontinued (4,335) - -
operations (net of tax)
(Loss)/profit for the year (4,330) 9 275
The segment was not classified as held for sale at 31 December 2007 and the comparative income statement has been re-analysed to show
the discontinued operations separately from the continuing operations. The cash inflow on the disposal after deducting expenses and costs
relating to the sale was �6.1 million.
During the period the Group also sold its investment in Epic Group PLC. This is included within continuing operations as it did not
constitute a material business segment.
9 Reconciliation of movements in equity shareholders' funds
Total equity
shareholders' funds
Unaudited
�'000
Loss for the period (4,581)
Share based payments charges 21
Currency translation differences (3)
Net decrease in equity shareholders' funds (4,563)
Equity shareholders' funds at 31 December 2007 45,885
Equity shareholders' funds at 30 June 2008 41,322
10 Analysis of net debt
At beginning Non-cash Exchange At end
of year Cash flow movements movement of period
�'000 �'000 �'000 �'000 �'000
Cash at bank and in hand 1,994 304 - (620) 1,678
Debt due within one year (3,788) 2,832 (1,065) (109) (2,130)
Debt due after one year (16,877) 7,628 1,065 109 (8,075)
(18,671) 10,764 - (620) (8,527)
Schedule A
Reconciliation between operating profit and non-statutory measure
The following tables reconcile operating profit as stated above to EBITDA, a non-statutory measure which the Directors believe is the
most appropriate measure in assessing the performance of the Group. EBITDA is defined by the Directors as being earnings before interest,
tax, depreciation, amortisation of assets acquired through business combinations, and non-trading items.
Six months ended 30 June 2008 Operating Depreciation* Amortisation Non-trading EBITDA
profit of intangible items**
assets
�'000 �'000 �'000 �'000 �'000
Political
Political (245) 168 627 - 550
Learning 187 12 154 - 353
(58) 180 781 - 903
Learning (162) 57 184 170 249
Education 330 57 500 - 887
Head Office (654) 12 - - (642)
Result from continuing (544) 306 1,465 170 1,397
operations
Healthcare (discontinued) 202 62 138 - 402
Group total (342) 368 1,603 170 1,799
Year ended 31 December 2007 Operating Depreciation* Amortisation Non-trading EBITDA
profit of intangible items**
assets
�'000 �'000 �'000 �'000 �'000
Political
Political 672 235 1,258 79 2,244
Learning 249 23 308 - 580
921 258 1,566 79 2,824
Learning (500) 114 400 204 218
Education 1,910 84 1,003 (64) 2,933
Head Office (2,306) 20 - 813 (1,473)
Result from continuing 25 476 2,969 1,032 4,502
operations
Healthcare (discontinued) 946 119 335 (101) 1,299
Group total 971 595 3,304 931 5,801
Six months ended 30 June 2007 Operating Depreciation* Amortisation Non-trading EBITDA
profit of intangible items**
assets
�'000 �'000 �'000 �'000 �'000
Political
Political (542) 106 607 - 171
Learning 83 11 107 - 201
(459) 117 714 - 372
Learning (246) 54 200 - 8
Education 367 35 502 - 904
Head Office (802) 9 - - (793)
Result from continuing (1,140) 215 1,416 - 491
operations
Healthcare (discontinued) 255 50 167 - 472
Group total (885) 265 1,583 - 963
* including amortisation of software shown within intangibles.
** including losses on disposal of operations.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR BLGDRRXDGGID
Huveaux (LSE:HVX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Huveaux (LSE:HVX)
Historical Stock Chart
From Jul 2023 to Jul 2024
