Tyman (TYMN)

Sector:

Construction and Building Materials

Index:

FTSE 250

387.50p
   
  • Change Today:
    -3.00p
  • 52 Week High: 507.00
  • 52 Week Low: 265.00
  • Currency: UK Pounds
  • Shares Issued: 196.24m
  • Volume: 584,340
  • Market Cap: £760.43m

Tyman sees annual results topping estimates

By Sean Farrell

Date: Tuesday 27 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Tyman said it expected annual results to slightly exceed analysts' top estimate after strong demand fuelled a jump in first-half profit.
Pretax profit for the six months to the end of June more than doubled to £34.3m from £14.7m a year earlier as like-for-like revenue rose 32% to £312.5m. Adjusted operating profit rose 60% to £47.8m and by 20% from two years earlier.

The supplier of window and door products said households were spending more time at home during the pandemic and were either adapting their homes or moving home, supported in the UK by the stamp duty holiday that mostly ended in June.

Tyman said it achieved the results despite rising costs and shortages of labour and raw materials but that these trends would affect annual results. The company announced an interim dividend of 4p a share after paying no dividend a year earlier.

Tyman shares fell 1.6% to 443p at 09:46 BST. The shares have gained 26% so far in 2021.

Jo Hallas, Tyman's chief executive, said: "We are optimistic that the momentum seen in the first half will continue through the remainder of the year. However, raw material and labour availability as well as input cost inflation continue to be headwinds. Consequently, we expect full-year adjusted operating profit will be slightly above the top end of the current range of analyst expectations."

Tyman said analysts' forecasts ranged from £88.6m to £90.7m. The company said it would increase prices where necessary to recover higher costs, which are likely to affect results for the rest of the year.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Tyman Market Data

Currency UK Pounds
Share Price 387.50p
Change Today -3.00p
% Change -0.77 %
52 Week High 507.00
52 Week Low 265.00
Volume 584,340
Shares Issued 196.24m
Market Cap £760.43m

Tyman Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.08% above the market average88.08% above the market average88.08% above the market average88.08% above the market average88.08% above the market average
83.78% above the sector average83.78% above the sector average83.78% above the sector average83.78% above the sector average83.78% above the sector average
Price Trend
34.53% above the market average34.53% above the market average34.53% above the market average34.53% above the market average34.53% above the market average
Sector averageSector averageSector averageSector averageSector average
Income
52.44% above the market average52.44% above the market average52.44% above the market average52.44% above the market average52.44% above the market average
65.52% above the sector average65.52% above the sector average65.52% above the sector average65.52% above the sector average65.52% above the sector average
Growth
41.42% above the market average41.42% above the market average41.42% above the market average41.42% above the market average41.42% above the market average
36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Tyman Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Aug-21 22-Apr-21
Paid 10-Sep-21 28-May-21
Amount 4.00p 4.00p

Trades for 15-Oct-2021

Time Volume / Share Price
16:35 460 @ 387.50p
16:35 1,999 @ 387.50p
16:35 93,606 @ 387.50p
16:29 22 @ 389.00p
16:29 66 @ 389.00p

Tyman Key Personnel

CEO Jo Hallas
CFO Jason Ashton

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