Brief: Tyman PLC Sees Weakness In Volumes To Continue At Least During First Half Of 2023

Tyman

02/03/2023 08:09

March 2 (Reuters) - Tyman PLC  TYMN.L :
    * TYMAN PLC - FY PERFORMANCE AT UPPER END OF EXPECTATIONS
DESPITE
CHALLENGING MACROECONOMIC BACKDROP
    * TYMAN PLC - FY REVENUE 715.5 MILLION STG, UP 13%
    * TYMAN PLC - FY PROFIT BEFORE TAXATION 61.4 MILLION STG,
DOWN 4%
    * TYMAN PLC-FY  REVENUE GROWTH OF 13%, WITH LFL GROWTH OF 5%
    * TYMAN PLC - FY DIVIDEND PER SHARE 13.7P
    * TYMAN PLC - IN 2023, PRICING CARRYOVER, SELF-HELP
MEASURES,
BENEFITS FROM STRATEGIC INITIATIVES ARE EXPECTED TO PARTIALLY
MITIGATE LOWER VOLUMES
    * TYMAN - NEAR-TERM OUTLOOK REMAINS CHALLENGING, GIVEN HIGH
LEVELS
OF INFLATION, INTEREST RATES ARE CONSTRAINING HOUSING MARKET
AFFORDABILITY ACTIVITY
    * TYMAN PLC - WEAKNESS IN VOLUMES EXPERIENCED IN SECOND HALF
OF
2022 IS EXPECTED TO CONTINUE AT LEAST DURING FIRST HALF OF 2023

Source text for Eikon:  ID:nRSB5956Ra 
Further company coverage:  TYMN.L 

 ((Reuters.Briefs@thomsonreuters.com;))