focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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: 380.00
Bid: 379.50
Ask: 380.50
Change: -2.50 (-0.65%)
Spread: 1.00 (0.264%)
Open: 390.00
High: 390.00
Low: 370.50
Prev. Close: 382.50
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
7th Aug 20199:34 amRNSDirector/PDMR Shareholding
6th Aug 201912:54 pmRNSDirector/PDMR Shareholding
6th Aug 20199:37 amRNSDirector/PDMR Shareholding
25th Jul 20197:00 amRNSHalf-Year Report
5th Jun 20195:06 pmRNSCompletion of Capital Reduction
15th May 20194:20 pmRNSDirector/PDMR Shareholding
10th May 20195:37 pmRNSDirector/PDMR Shareholding
10th May 20195:37 pmRNSDirector/PDMR Shareholding
9th May 20196:06 pmRNSConfirmation of Directorate Change
9th May 20195:36 pmRNSResult of AGM
9th May 20197:00 amRNSAGM Statement
25th Apr 20197:00 amRNSDirectorate Change and 2019 AGM
1st Apr 20195:34 pmRNSAnnual Financial Report and Notice of AGM
1st Apr 20197:01 amRNSDirector/PDMR Shareholding
1st Apr 20197:00 amRNSConfirmation of Directorate Change
26th Mar 20194:56 pmRNSDirector/PDMR Shareholding
20th Mar 20195:44 pmRNSShare dealings by Tyman plc EBT
19th Mar 20196:24 pmRNSTyman 2019 LTIP Awards
19th Mar 20196:01 pmRNSDirector/PDMR Shareholding
19th Mar 20196:00 pmRNSDirector/PDMR Shareholding
19th Mar 20195:59 pmRNSDirector/PDMR Shareholding
19th Mar 20195:58 pmRNSDirector/PDMR Shareholding
19th Mar 20195:51 pmRNSShare dealings by Tyman plc EBT
19th Mar 20195:51 pmRNSDirector/PDMR Shareholding
19th Mar 20195:48 pmRNSDirector/PDMR Shareholding
19th Mar 20195:47 pmRNSDirector/PDMR Shareholding
18th Mar 20195:00 pmRNSDirector/PDMR Shareholding
14th Mar 20197:00 amRNSDirectorate Change
8th Mar 201910:18 amRNSHolding(s) in Company
5th Mar 20197:00 amRNSFinal Results
22nd Feb 20199:18 amRNSHolding(s) in Company
4th Feb 201912:46 pmRNSHolding(s) in Company
20th Nov 20187:00 amRNSDirectorate Change - CEO retirement and succession
7th Nov 20187:00 amRNSTrading Statement
12th Oct 20187:00 amRNSChange of Adviser
28th Sep 20183:00 pmRNSDirector/PDMR Shareholding
10th Sep 201811:26 amRNSHolding(s) in Company
20th Aug 20182:00 pmRNSHolding(s) in Company
25th Jul 20187:00 amRNSHalf-year Report
9th Jul 20184:54 pmRNSHolding(s) in Company
18th May 201811:22 amRNSDirector/PDMR Shareholding
16th May 20187:00 amRNSTotal Voting Rights
10th May 20185:30 pmRNSDirectorate Change
10th May 20185:30 pmRNSResult of AGM
10th May 20187:01 amRNSAcquisition
10th May 20187:00 amRNSAGM Trading Update
2nd May 20188:00 amRNSChange of Director Details
26th Apr 20184:18 pmRNSHolding(s) in Company
26th Apr 20184:17 pmRNSHolding(s) in Company
5th Apr 20185:01 pmRNSDirector/PDMR Shareholding

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.