Tyman’s latest update indicates that trading has remained solid with full-year revenues and EBIT likely to be slightly above consensus. Like-for-like group revenue in the first two months of Q4 was +1% (following on from +3% in Q3). This brings the year-to-date equivalent up to -8%, which is slightly better than half of the rate of decline seen at the interim stage (including the main COVID-19 impact in Q2). Our estimates are modestly increased for this year and unchanged subsequently on an unde ....
15 Dec 2020
Tyman - Solid end to a challenging year
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Tyman - Solid end to a challenging year
Tyman Plc (TYMN:LON) | 298 8.9 1.0% | Mkt Cap: 583.9m
- Published:
15 Dec 2020 -
Author:
Toby Thorrington -
Pages:
3
Tyman’s latest update indicates that trading has remained solid with full-year revenues and EBIT likely to be slightly above consensus. Like-for-like group revenue in the first two months of Q4 was +1% (following on from +3% in Q3). This brings the year-to-date equivalent up to -8%, which is slightly better than half of the rate of decline seen at the interim stage (including the main COVID-19 impact in Q2). Our estimates are modestly increased for this year and unchanged subsequently on an unde ....