In the first four months of FY19, Tyman’s headline revenue increased by 15% y-o-y and was flat in underlying terms (excluding FX and acquisition effects). While activity levels were slightly lower than management expected, full year operating profit guidance and our estimates are unchanged. Earnings multiples remain in single digit territory and Tyman now offers a prospective 5.6% dividend yield also.
30 May 2019
Tyman - Guidance unchanged
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Tyman - Guidance unchanged
Tyman Plc (TYMN:LON) | 288 -7.2 (-0.9%) | Mkt Cap: 564.3m
- Published:
30 May 2019 -
Author:
Toby Thorrington -
Pages:
3
In the first four months of FY19, Tyman’s headline revenue increased by 15% y-o-y and was flat in underlying terms (excluding FX and acquisition effects). While activity levels were slightly lower than management expected, full year operating profit guidance and our estimates are unchanged. Earnings multiples remain in single digit territory and Tyman now offers a prospective 5.6% dividend yield also.