Haynes Publishing Group plc announced that while there are indications that the worst of the inventory reduction programmes may be behind it, trading remains soft and it is clear that half year results will be seriously impacted to the extent that the group will only be reporting a small profit for the six months of the year ending May 31, 2015. While performance in the first half has been extremely disappointing, it remains the case that the group's trading normally improves significantly in the second half.