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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Tyman PLC    TYMN   GB00B29H4253

TYMAN PLC (TYMN)
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306.25 GBp   +2.77%
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Tyman : UK's Tyman sees full-year profit below estimates on North America woes

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11/07/2017 | 09:19am CEST

(Reuters) - Tyman Plc, a supplier of doors and windows, said it expected 2017 underlying profit to come in slightly below current analyst estimates due to higher unrecovered input costs and operational issues at its North American division.

Shares of Tyman were down more than 6 percent in morning trading on the London Stock Exchange.

Analysts were expecting 2017 underlying pretax profit to be in the range of 69.6 million pounds to 72.3 million pounds , according to company-compiled estimates.

Input costs have continued to increase at the company's North American division, AmesburyTruth, in the second-half and the costs have not yet been fully recovered through price increases, given some operational issues, Canaccord Genuity analysts said in a note.

Canaccord analysts lowered their price target on Tyman stock, following the profit warning.

However, Tyman expects 2017 revenue and profit to be ahead of the previous year, helped by acquisitions of Italian rival Giesse and U.S.-based Bilco and favourable exchange rates.

Tyman reported an underlying pretax profit of 62.1 million pounds in 2016.

The company bought Giesse in March last year to expand its international business by entering Argentina, France, Greece, India, Portugal, Turkey and other markets.

Bilco's acquisition in June was aimed at strengthening its commercial and residential business in North America.

Tyman expects to make "further progress" in 2018, with the market outlook in North America and Continental Europe "remaining positive", it said on Tuesday.

(Reporting By Justin George Varghese in Bengaluru; Editing by Amrutha Gayathri)

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Financials ( GBP)
Sales 2018 545 M
EBIT 2018 82,2 M
Net income 2018 39,9 M
Debt 2018 165 M
Yield 2018 4,04%
P/E ratio 2018 17,11
P/E ratio 2019 13,93
EV / Sales 2018 1,42x
EV / Sales 2019 1,31x
Capitalization 607 M
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Mean consensus BUY
Number of Analysts 8
Average target price 3,95  GBP
Spread / Average Target 32%
EPS Revisions
Managers
NameTitle
Louis Leslie Alexander Eperjesi Chief Executive Officer & Executive Director
Martin George Towers Non-Executive Chairman
James Edward Brotherton Chief Financial Officer & Executive Director
Angelika Westerwelle Independent Non-Executive Director
Mark Rollins Non-Executive Director
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