Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTyman Regulatory News (TYMN)

Share Price Information for Tyman (TYMN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 369.00
Bid: 369.00
Ask: 371.00
Change: 5.00 (1.37%)
Spread: 2.00 (0.542%)
Open: 381.50
High: 381.50
Low: 369.00
Prev. Close: 364.00
TYMN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Interim Management Statement

13 Nov 2013 07:00

RNS Number : 8580S
Tyman PLC
13 November 2013
 



Tyman plc ("Tyman" or "the Group")

Interim Management Statement

Tyman, the leading supplier of components to the door and window industry, issues the following Interim Management Statement, for the period from 1 July to 12 November 2013.

 

Current trading and outlook

Trading in the period was in line with expectations as communicated in our Half Yearly Report at the end of August. This period included an initial contribution from Truth Hardware ("Truth") that was acquired on 3 July 2013.

Based on trading and market conditions, we remain confident that the Group will deliver full year results in line with current expectations and that Tyman is well positioned for 2014.

 

Amesbury and Truth

In the United States, revenues and the order book have continued to grow across the summer months and into the autumn. Good momentum in order intake for both Amesbury and Truth, combined with positive market sentiment in the United States, supports our expectation of continued growth in the fourth quarter and into 2014.

While the Canadian market remains behind 2012, the rate of decline has eased over the summer months and we expect the Canadian market will be broadly neutral in 2014 compared with 2013.

Integration initiatives between the two businesses have seen good progress made in the areas of footprint, product rationalisation, sourcing and routes to market. We will report in greater detail on these initiatives at the time of our full year results in March 2014.

 

Grouphomesafe

Grouphomesafe saw a strong third quarter performance against an improving market backdrop for both OEM and distribution customers. Revenues and order intake have continued to grow into the fourth quarter and we expect the UK market will demonstrate further growth in 2014.

 

Schlegel International

As expected, trading conditions for Schlegel International have remained challenging throughout Continental Europe, with the exception of Italy where we have made good progress and taken further market share. While we do not expect European markets to recover fully in 2014, we expect the trading backdrop should be less adverse than 2013.

In other markets, our Brazilian and Australian businesses continue to make good progress, from both market and share perspectives.

 

Financial position

The Group retains a strong and flexible balance sheet with good cash generation in the year to date.

 

Louis Eperjesi, Chief Executive of Tyman, commented:

"The third quarter has continued the trends of the first half with improved order intake in the USA and UK partially offset by more difficult trading in Canada and parts of Europe. We continue to be encouraged by the progress being made integrating Truth and the potential benefits remain in line with our expectations. Overall, we remain optimistic about the Group's performance and outlook."

13 November 2013

 

Enquiries:

Tyman plc

020 7976 8000

Louis Eperjesi

James Brotherton

MHP Communications

020 3128 8100

Reg Hoare

Jamie Ricketts

Nick Hayns

 

Conference Call Details

A conference call with Louis Eperjesi and James Brotherton for analysts and investors will be held at 08.30 GMT today, Wednesday 13 November 2013.

UK Toll Number: 020 3139 4830UK Toll-Free Number: 0808 237 0030PIN: 50209279#

 

A replay of the call will be available on the following number:

UK Toll Number: 020 3426 2807UK Toll-Free Number: 0808 237 0026Pin Code: 643685#

 

Future Dates

Tyman will issue its preliminary results announcement in respect of the year ending 31 December 2013 on Tuesday 11 March 2014.

 

Notes to editors:

Tyman plc

Tyman plc is a leading international supplier of components to the door and window industry. The Group's three divisions - Amesbury, Grouphomesafe and Schlegel International - are market leaders in their respective geographies.

The Group employs over 2,500 people and operates facilities in 13 countries worldwide. Tyman is listed on the London Stock Exchange under the ticker TYMN.

Further information on the Group and the Group's products is available at www.tymanplc.com.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSFMMMMNZDGFZM
Date   Source Headline
21st Jun 20169:32 amRNSTotal Voting Rights
20th Jun 20165:25 pmRNSHolding(s) in Company
16th Jun 20162:34 pmRNSHolding(s) in Company
15th Jun 20168:08 amRNSPlacing Closed
15th Jun 20167:01 amRNSPlacing Announcement
15th Jun 20167:00 amRNSAcquisition
9th Jun 20163:00 pmRNSHolding(s) in Company
20th May 20163:02 pmRNSHolding(s) in Company
13th May 20162:48 pmRNSResult of AGM
13th May 20167:00 amRNSAGM Trading Update
6th May 20169:31 amRNSHolding(s) in Company
25th Apr 201610:23 amRNSHolding(s) in Company
10th Mar 20164:35 pmRNSShare dealings by Tyman Employees' Benefit Trust
10th Mar 20164:34 pmRNSNotification of Transactions of Directors
10th Mar 20164:33 pmRNSNotification of Transactions of Directors
10th Mar 20164:32 pmRNSVoting Rights, LTIP Awards and DSBP Vesting
9th Mar 20164:50 pmRNS2016 LTIP Awards and Directors' Dealings
9th Mar 20164:49 pmRNSDeferred Share Awards and Directors' Dealings
9th Mar 20164:49 pmRNSDirector/PDMR Shareholding
9th Mar 20164:48 pmRNSDirector/PDMR Shareholding
8th Mar 20169:54 amRNSFinal Results
8th Mar 20167:00 amRNSAcquisition of Giesse
8th Mar 20167:00 amRNSFinal Results
9th Feb 201610:00 amRNSGroup operating segment amendments
2nd Feb 20163:22 pmRNSHolding(s) in Company
17th Dec 20154:40 pmRNSNotification of Tyman's election to adopt FRS101
1st Dec 201511:04 amRNSHolding(s) in Company
27th Nov 20154:15 pmRNSHolding(s) in Company
12th Nov 20156:11 pmRNSHolding(s) in Company
10th Nov 20157:00 amRNSTrading Statement
4th Nov 201510:29 amRNSHolding(s) in Company
29th Oct 20151:48 pmRNSNotice of change to Director Details
28th Oct 20154:26 pmRNSHolding(s) in Company
21st Oct 20159:27 amRNSHolding(s) in Company
29th Sep 20151:42 pmRNS2015 Sharesave Plan Awards - Replacement
25th Sep 20153:27 pmRNSNotification of Transactions of Directors
25th Sep 20153:23 pmRNS2015 Sharesave Plan Awards
7th Sep 20157:00 amRNSDisposal of EWS
4th Aug 201511:29 amRNSDirector Declaration
29th Jul 20157:00 amRNSHalf Yearly Report
22nd Jun 20154:28 pmRNSNotification of Transactions of Directors
22nd Jun 20154:22 pmRNSNotification of Transactions of Directors
22nd Jun 20154:13 pmRNS2015 LTIP Awards and Directors' Dealing
21st May 20155:14 pmRNSHolding(s) in Company
18th May 20151:14 pmRNSHolding(s) in Company
15th May 201511:05 amRNSResult of AGM
15th May 20157:00 amRNSAGM Trading Statement
17th Apr 201510:55 amRNSNotice of change to Director Details
1st Apr 20157:00 amRNSAppointment of Non-executive Directors
27th Mar 20154:54 pmRNSAmendment to Share Awards and Director Dealings

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.