Tyman (TYMN)

Sector:

Construction and Building Materials

Index:

FTSE 250

376.50p
   
  • Change Today:
      0.50p
  • 52 Week High: 396.50
  • 52 Week Low: 236.00
  • Currency: UK Pounds
  • Shares Issued: 196.80m
  • Volume: 113,293
  • Market Cap: £740.95m

Tyman sees 'challenging' markets as profits fall 19%

By Frank Prenesti

Date: Thursday 07 Mar 2024

LONDON (ShareCast) - (Sharecast News) - Door and window parts maker Tyman said it expected a "challenging" market outlook this year as the building sector continued to struggle amid high interest rates and inflation, reflected in a 19% fall in 2023 profits.
Revenues fell 8% to £657.6m after a "significant" reduction in volumes partially offset by the carryover benefit of pricing actions and share gains , Tyman said on Thursday. Pre-tax profit for the full-year came in at £75m.

"The structural growth drivers for the group remain attractive, although leading indicators for our major markets are currently signalling a challenging market outlook for 2024," said chief executive Jason Ashton.

Reporting by Frank Prenesti for Sharecast.com

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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 376.50p
Change Today 0.50p
% Change 0.13 %
52 Week High 396.50
52 Week Low 236.00
Volume 113,293
Shares Issued 196.80m
Market Cap £740.95m

Tyman Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.84% above the market average69.84% above the market average69.84% above the market average69.84% above the market average69.84% above the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Price Trend
89.11% above the market average89.11% above the market average89.11% above the market average89.11% above the market average89.11% above the market average
75.61% above the sector average75.61% above the sector average75.61% above the sector average75.61% above the sector average75.61% above the sector average
Income
47.04% above the market average47.04% above the market average47.04% above the market average47.04% above the market average47.04% above the market average
6.25% below the sector average6.25% below the sector average6.25% below the sector average6.25% below the sector average6.25% below the sector average
Growth
85.71% below the market average85.71% below the market average85.71% below the market average85.71% below the market average85.71% below the market average
80.49% below the sector average80.49% below the sector average80.49% below the sector average80.49% below the sector average80.49% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 3
Sell 0
Strong Sell 0
Total 7
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
  Final Interim
Ex-Div 25-Apr-24 03-Aug-23
Paid 29-May-24 08-Sep-23
Amount 9.50p 4.20p

Trades for 21-May-2024

Time Volume / Share Price
16:35 49,650 @ 376.50p
16:35 563 @ 376.50p
16:35 50 @ 376.50p
16:35 271 @ 376.50p
16:35 270 @ 376.50p

Tyman Key Personnel

CFO Jason Ashton
CEO Rutger Helbing

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