HellermannTyton rises as Asia and America drive up revenues

 
Suzie Neuwirth
Revenues in the Americas and Asia rose 12.8 per cent and 17.3 per cent respectively
Cable equipment maker HellermannTyton’s share price rose over two per cent yesterday, after full-year revenues were boosted by strong growth in the Americas and Asia.

Overall revenue rose to €538m (£443.2m), up 11.1 per cent in constant currency, while earnings rose to €83m, up 11.8 per cent.

Revenues in the Americas and Asia rose 12.8 per cent and 17.3 per cent respectively.

“2013 was a year of good growth for HellermannTyton and we have delivered solid operational and financial performance in the group’s first year as a listed company,” said chief executive Steve Salmon.

“The Americas and Asian segments have performed notably well for us in 2013 and our automotive market continues to show strong growth...We remain confident in the group’s prospects for 2014 and beyond.”

Shares closed up 2.6 per cent.