Haynes confident print manuals will survive
Tuesday 24 September 2013
The publishing group behind the ubiquitous Haynes car manual has given a confident forecast about the print market even as revenues fall and fast-growing digital fails to offset that decline.
“A manual is still incredibly useful if you’re working outside and the weather is inclement or if you drop a spanner on it,” said its chairman J Haynes, the son of founder John Haynes. “Digital with a video can complement the manual – I don’t think that it’s a replacement.”
Haynes Publishing saw annual pre-tax profits fall to £3.6m against £4.7m a year earlier, with turnover down 7 per cent to £27.6m.
The Somerset-based company’s chief executive, Eric Oakley, is having to slash costs and will close its book distribution network. However, he was upbeat that it should soon boost profits, with the online service Haynes Pro performing well, and the first signs of growth for six years in America. Digital revenues have risen 81 per cent in America and 115 per cent in Britain.
Mr Haynes said the company’s fortunes tended to the lag the car market by about two years.
- 1 Scottish independence: Ireland since 1919 is a lesson for Scotland in what a Yes vote means
- 2 Thailand deaths: Pair's bloodied bodies found naked on Koh Tao beach
- 3 Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
- 4 Kanye West stops concert after two fans don't stand up - doesn't realise one is in wheelchair and the other disabled
- 5 QS university world rankings: Imperial College London leapfrogs Oxford to join Cambridge as best British university
Thailand deaths: Pair's bloodied bodies found naked on Koh Tao beach
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Scottish independence: Police will be on high alert on Friday whatever the result
QS university world rankings: Imperial College London leapfrogs Oxford to join Cambridge as best British university
Scottish independence exclusive: Millions of banknotes sent to Scotland in case Yes vote sparks run on ATMs
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Scottish independence: Yes campaign feels the heat as Alex Salmond's NHS claims come under furious attack
£23m Birmingham cycle scheme is attacked by Tory councillor for not catering to the elderly
Portuguese academic says British are 'filthy, violent and drunk'
iJobs Money & Business
£20 - 24k (Uncapped Commission - £35k Year 1 OTE): Guru Careers: We are seekin...
£20 - 24k + Benefits: Guru Careers: This is a great opportunity for an enthusi...
£280 - £320 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...