Tyman is a leading international supplier of building products to the door and window industry.

We operate industrial manufacturing businesses with significant operations in nine separate countries across Europe, the Americas, Asia and Australasia.

Our building products solutions range include:
Weatherproof seals that help make homes more energy efficient
Compact balances and reinforcers that enable windows to function effectively
Full suite of window and door hardware, including high security locks and electronic access controls

In the UK, we also offer the market-leading sash window renovation service.
Our Ventrolla subsidiary is the UK market leader in timber sash and casement window renovation, offering an alternative to window replacement.

http://www.tymanplc.com/

1 May 2013



Tyman plc

Acquisition of Truth Hardware



http://www.moneyam.com/action/news/showArticle?id=4585971

As of Apr 26, 2013, the consensus forecast amongst 4 polled investment analysts covering Tyman PLC advises investors to purchase equity in the company. This has been the consensus forecast since the sentiment of investment analysts improved on Jun 01, 2010. The previous consensus forecast advised that Tyman PLC would outperform the market.

Shares mag - Tyman aims for the big league

http://www.sharesmagazine.co.uk/news/tyman-aims-for-the-big-league#.UYFxO5ZwbIU

Director/PDMR Shareholding

RNS


RNS Number : 0234E

Tyman PLC

03 May 2013






TYMAN PLC

("Tyman" or the "Group" or the "Company")



Director's Dealing





The Company was today informed that on 3 May 2013, Dr. Angelika Westerwelle, a Non-Executive Director of the Company, purchased 100,000 ordinary shares of 5p each in the Company for a price of 208.0p per share.



Following this purchase, Dr. Westerwelle is interested in a total of 125,000 shares in the Company, representing 0.1% of the total issued share capital of the Company, being 129,840,798 ordinary shares of 5p each.

MIDAS: Window group to shine after £130m US deal

By Joanne Hart, Financial Mail On Sunday

PUBLISHED: 22:07, 4 May 2013 | UPDATED: 22:07, 4 May 2013
Economic recovery is still painstakingly slow in Britain, but the signs are much more encouraging in the US. This is good news for Tyman, which makes seals, locks and other parts for doors and windows in the UK and America.


The group last week announced the £130 million acquisition of Truth Hardware, a Minnesota-based business whose door and window products neatly complement its own. The deal is a bold but clever move by Tyman and the shares, at 207p, should prove a rewarding long-term investment.


Tyman has come a long way over the past four years. Formerly known as Lupus Capital and run by Greg Hutchings, the flamboyant ex-boss of conglomerate Tomkins, the firm floundered after the financial crisis and almost collapsed.




Demand: Jamie Pike, left, and Louis Eperjesi should do well as the US housing market begins its recovery

Months of turmoil ensued, but ultimately Hutchings resigned, the board was rebuilt and the group began to find its feet.


Jamie Pike, formerly chief executive of Foseco, a steel-related business that was sold to the industrial group Cookson in 2008, was made chairman late in 2009. And Louis Eperjesi, who was a senior director at building products group Kingspan, joined as chief executive in February 2010.


Pike and Eperjesi have worked hard to turn Tyman from a ragbag of different businesses into a company focused on top-grade components for doors and windows.


Thanks to their efforts, profits have risen from £1.9 million in 2009 to £23 million last year. Dividends were resumed in 2011, 4.5p was announced for 2012 and the company intends to lift payments steadily over the next few years.

In March, the group changed its name from Lupus to Tyman, which is derived from an archaic word for turn. The company is also moving from AIM to the main market this summer.


Against this backdrop, the Truth deal can be seen as fresh evidence of Tyman’s transformation from basket case to growth story.


Last year, Tyman made half its sales in the US, with a third coming from Britain and the rest from the Continent, Asia Pacific and Latin America. After the deal, about 65 per cent of sales will come from North America, including Canada, where Truth has a strong position.


In the US, Tyman and Truth’s customers are big makers of doors and windows and demand for components is strongest when lots of new homes are being built. Last year, 780,000 new homes were put up in the US. This year the figure is forecast at 930,000 and over the next few years it is expected to rise to about 1.3 million.


Even before the takeover, this momentum would have boosted Tyman. But the new deal will enable it to offer more components to existing customers and add new Truth customers to its roster. It should also benefit from a recovering US refurbishment market.


Eperjesi is excited about potential in emerging markets too, particularly Latin America, where the business has grown rapidly in the past couple of years.


In Britain, activity has been rather dull but Tyman is increasing market share and should continue to make progress.


As part of the Truth deal, Tyman is borrowing £65 million from Barclays, HSBC, Lloyds and RBS – an indication that they have confidence in the business. The group has also raised £73 million in the equity market.


Brokers expect Truth to boost Tyman’s results from this year, so they forecast profits of £30 million for 2013 and £40 million for 2014, against £24 million and £26 million before the deal was announced.


Midas verdict: Tyman shares are 207p and should rise steadily. The Truth deal marks a coming of age and should put Tyman in an even stronger position over the next few years. Buy for the long term.

Consensus recommendation






As of May 03, 2013, the consensus forecast amongst 4 polled investment analysts covering Tyman PLC advises investors to purchase equity in the company. This has been the consensus forecast since the sentiment of investment analysts improved on Jun 01, 2010. The previous consensus forecast advised that Tyman PLC would outperform the market.
.

Strong purchasing today.

Results of Firm Placing and Placing and Open Offer

http://www.moneyam.com/action/news/showArticle?id=4598791

Tyman PLC (TYMN:LSE) set a new 52-week high during today's trading session when it reached 223.00. Over this period, the share price is up 75.94%.

I hope you have got some. Good Luck to your Brothers Court Case in the next month, also hope his health is better.

Thanks for that 3m, I'm sure its this Monday. Once that is out the way, I think his mind will settle. Again many thanks for the thought. :-))

You are welcome. I Know the felling in different aspects. It was 1995 for me. My sincere GL wishes.

Aquisition Update

RNS


RNS Number : 1108I

Tyman PLC

28 June 2013






THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, JAPAN OR SOUTH AFRICA.

This announcement is an advertisement and is not a prospectus and does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any shares in Tyman plc or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities.

For immediate release



Tyman plc

Acquisition of Truth Hardware ("Truth")



The Antitrust Division of the United States Department of Justice (the "DOJ") has informed Tyman that it has terminated the Hart Scott Rodino Act waiting period, thus ending the DOJ's review of the proposed acquisition of Truth from Melrose Industries plc announced on 1 May 2013.

There are no further external conditions to the completion of the acquisition and accordingly completion is expected to occur on or before Friday 5 July 2013.

Tyman intends to move from the Aim market to the Official List shortly following completion of the acquisition of Truth and a further announcement in this regard will be made in due course.

Completion of Acquisition & Move to Main Market

RNS


RNS Number : 5509I

Tyman PLC

03 July 2013





This announcement is not a prospectus and does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any shares in Tyman plc or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities.





3 July 2013



For immediate release





Tyman plc



Completion of the acquisition of Truth Hardware



Admission to the Official List and to trading on the Main Market



Tyman plc ("Tyman" or the "Company"), the international supplier of components to the door and window industry, is pleased to announce completion of the acquisition of Truth Hardware, the North American window and door hardware manufacturer, from Melrose Industries PLC.



Further to the announcements on 1 May 2013 and 28 June 2013, Tyman confirms that application has been made to the Financial Conduct Authority and the London Stock Exchange for the admission of its ordinary shares ("Ordinary Shares") to the premium segment of the Official List and to trading on the Main Market of the London Stock Exchange ("Admission"). Admission will be effected by an introduction of Tyman's existing Ordinary Shares with no new Ordinary Shares being issued.



It is expected that Admission will become effective and that dealings on the Main Market will commence at 8.00 a.m. on 8 July 2013. Trading in the Company's Ordinary Shares on AIM will be cancelled simultaneously. The Company's TIDM code will continue to be TYMN with ISIN GB00B29H4253 and there are expected to be 170,104,385 Ordinary Shares in issue on Admission, of which 582,483 shares are held in treasury. The figure of 169,521,902 may be used by shareholders as the denominator for determining any requirement to notify their interest in, or changes to their interest in, Ordinary Shares under the Financial Conduct Authority's Disclosure and Transparency Rules.



Louis Eperjesi, Chief Executive of Tyman, commented:

"We are delighted to welcome Truth into our organisation. Its product portfolio is an excellent fit with our existing offering in North America. We look forward to working together with our new colleagues in expanding our existing positions across North America and beyond."

Copies of this announcement will be made available on Tyman's website (www.tymanplc.com) today.

Admission to the Official List

RNS


RNS Number : 7601I

Tyman PLC

08 July 2013






THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, JAPAN OR SOUTH AFRICA.



This announcement is not a prospectus and does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any shares in Tyman plc or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities.



8 July 2013



For immediate release



Tyman plc



Admission to the Official List and to trading on the Main Market



Tyman plc ("Tyman" or "the Company"), the international supplier of components to the door and window industry, is pleased to announce that the admission of its ordinary shares ("Ordinary Shares") to the premium segment of the Official List and to trading on the Main Market of the London Stock Exchange ("Admission") became effective at 8.00 am today. Trading in the Company's ordinary shares on AIM was cancelled simultaneously.



The Company's TIDM code will continue to be TYMN with ISIN GB00B29H4253. There were 170,104,385 Ordinary Shares in issue on Admission, of which 582,483 shares are held in treasury. The figure of 169,521,902 may be used by shareholders as the denominator for determining any requirement to notify their interest in, or changes to their interest in, Ordinary Shares under the Financial Conduct Authority's Disclosure and Transparency Rules.



An electronic copy of the prospectus published on 1 May 2013 is available for inspection on Tyman's website, www.tymanplc.com, and at www.morningstar.co.uk/uk/nsm.do.

Tyman PLC (TYMN:LSE) set a new 52-week high during today's trading session when it reached 238.00. Over this period, the share price is up 87.47%.

Strong buying today.

27 Nov Jefferies... 269.00 Buy

Final Result
11 Mar 14 Tyman [TYMN]

Tyman acquires Brazilian weather-seal maker

Wed, 26 February 2014



Tyman, which supplies door and window components, on Wednesday announced that its international division, Schlegel, has completed the acquisition of Vedasil Brasil, a supplier of weather-seals.

The firm, which was set up in 1978, manufactures and supplies PVC extruded seals along with other seal and screen components to the Brazilian door and window market. Its 2013 revenues totalled around £4.85m.

Tyman plans to combine Vedasil with its other Brazilian business, Schlegel Brazil, combining the management teams of both.

Louis Eperjesi, Chief Executive of Tyman, said: "I am delighted to welcome the Vedasil team to Schlegel International and look forward to working with them to grow the market for our range of sealing technologies and other door and window components in the region.

"The acquisition is an important element of our strategic plan to deliver consistent growth for Tyman, wherever we are located, and opens up new opportunities to develop the Schlegel International business across South America."

Final Results

http://www.moneyam.com/action/news/showArticle?id=4770216

--------------------------------------------------------------------------------------------

11 Mar Canaccord... 350.00 Buy

Tyman: Berenberg ups target price from 327p to 350p and keeps a buy recommendation

Interim Management Statement

RNS


RNS Number : 2826H

Tyman PLC

16 May 2014






TYMAN PLC

("Tyman" or the "Group" or the "Company")



Interim Management Statement



Tyman plc ("Tyman" or the "Group"), the international supplier of components to the door and window industry, issues the following Interim Management Statement for the period from 1 January 2014 to date, ahead of the Group's Annual General Meeting being held today at 10.30 a.m. at the offices of Pinsent Masons in London.



Trading Update

Trading in the first four months of 2014 has been in line with management's expectations, noting that this period typically sees lower seasonal levels of activity in our Northern Hemisphere end-markets.

Revenues from continuing operations ("Revenues") for the period ended 30 April 2014 increased by approximately 34 per cent. compared with the corresponding period in 2013, reflecting the increased size of the Group following the acquisitions of Truth and Vedasil.

Excluding the benefit of acquisitions, reported Revenues increased by approximately 5 per cent. and on a constant currency, like for like basis, Revenues increased by approximately 10 per cent, the difference reflecting the continued strengthening of Sterling against international currencies.



Amesbury and Truth

In North America, the Amesbury and Truth businesses have seen an encouraging start to 2014 with revenues running slightly ahead of 2013 in the four months to April despite the harsh weather conditions seen across the United States. The Canadian market has also seen a solid start to 2014 with improved market sentiment and is trading ahead of early 2013 comparatives.

The integration of Amesbury and Truth continues to progress well under the leadership of the combined management team with a number of key initiatives put in place since the start of the year and delivery of targeted synergies on schedule.



Grouphomesafe

In the UK, as expected, Grouphomesafe has seen the recovery in the market that started at the end of Q1 2013 continue into 2014. Our components business has seen significant increases in demand from both OEM fabricators and distributors with Fab & Fix and ERA in particular seeing encouraging growth.

The first quarter of 2013 was particularly weak in the UK so year on year growth is expected to moderate somewhat across the balance of the year as comparatives become tougher, however the outlook for Grouphomesafe and the UK market remains positive.



Schlegel International

Our International Building Products business saw modest growth overall in European markets with sales into Eastern Europe and Scandinavia performing better year to date than in 2013. Western and Southern European markets remain mixed, although our sales into Germany have seen a stronger start to 2014, and in Italy we continue to take market share.

Australia, Singapore and Brazil have each started the year well and the integration of Vedasil is progressing according to schedule.



North American Footprint Evaluation

The first phase of the North American footprint evaluation has been completed by the new Amesbury and Truth management team and, as part of that process, the Atlanta extrusion facility has been identified as being surplus to the Group's requirements.

Production at this site will be relocated to our Minnesota extrusion facility by the end of the summer, reflecting the focus of our extrusion business on high value added engineered component manufacture. The cash costs of closure are estimated at approximately US$0.5 million.

The Group will continue to service its national extrusion customer base from its other North American plants, utilising the extensive Amesbury and Truth distribution network.

Further evaluation of the North American manufacturing footprint will continue during the remainder of 2014 as we look to improve the effectiveness of the Amesbury and Truth operations and position the business for long term growth.



Financial Position of Tyman

The Group's financial position remains strong. Other than the normal seasonal increase in working capital, and the capital outlay to acquire Vedasil, there has been no significant change to the Group's financial position since the last year end.



North American Site Visit

Tyman will host an Investor and Analyst site visit to its facilities in Owatonna, Minnesota and Sioux Falls, South Dakota between 19 and 21 May 2014. Presentation materials will be posted on the Group's website.

No material new information will be disclosed in the presentations and there will be no statements on current trading.



Half Year Results Announcement

Tyman will issue its half year results for the six months ending 30 June 2014 on Tuesday 29 July 2014.



Louis Eperjesi, Chief Executive of Tyman, commented:

"We have had an encouraging first four months to the year, consistent with our expectations for the year as a whole. Continued recovery in our key end markets, combined with share gains and the delivery of targeted synergy benefits in North America underpin our confidence for the future."

Interims Tues 29 July

Half Yearly Report

Operating and corporate highlights

· Solid six month performance in North America for Amesbury Truth together with continued delivery of integration benefits and synergies

· Good performance in the UK with strong momentum and margin progression in Grouphomesafe

· Higher order books in Amesbury Truth and Grouphomesafe at 30 June 2014 leaves the Group well placed for further progress in the second half

· Variable European markets and investment in the business led to a small loss in
Schlegel International

· Acquisition of Vedasil Brasil establishes South American manufacturing platform; integration progressing according to plan

· Refinancing of 2011 bank facility into a Revolving Credit Facility of up to £240 million to
June 2019


http://www.moneyam.com/action/news/showArticle?id=4857528

22 Oct Berenberg 350.00 Buy

Signal Update

Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 21/10/2014, 15 days ago, when the stock price was 235.7500. Since then TYMN.L has risen by +18.35%.

Market Outlook

The bulls are in full control. The negative sentiment that led to the last bearish pattern has evaporated. Besides, the signal is suggesting to STAY LONG. It is best to follow the signal and continue to hold this security.



http://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=TYMN.L

Interim Management Statement

RNS


RNS Number : 7704W

Tyman PLC

12 November 2014








Tyman PLC

("Tyman" or the "Group" or the "Company")



Interim Management Statement



Tyman, a leading international supplier of components to the door and window industry, issues the following Interim Management Statement, for the period from 1 July to 11 November 2014.



Current trading and outlook



The Group saw strong trading in both the AmesburyTruth and Grouphomesafe divisions during the period, offset in part by continued difficult market conditions in the Schlegel International European businesses.

Currency impacts on translated earnings have eased somewhat since the half year however will still be relatively significant across the year as a whole. Overall we remain confident that the Group will deliver full year results in line with current expectations and that Tyman is well positioned for 2015.



AmesburyTruth



AmesburyTruth has seen revenues and the order book continue to grow across the summer months and into the autumn. Good momentum in order intake, combined with positive sentiment from the customer base, supports our expectation of continued growth in the fourth quarter and into 2015.

The Canadian market has continued to recover across the summer months and we have taken further share - in line with our strategic intention of growing our position ahead of the market.

Integration initiatives have continued and the combined business remains on track to deliver synergy benefits of at least $5.0 million in 2014 and $8.0 million in 2015.

A key element of integration, the formal rebranding of our North American businesses as "AmesburyTruth", was announced at a leading industry trade show in September and has been well received by customers and employees.



Grouphomesafe



Grouphomesafe saw continued strong performance in the period against an improving market backdrop, with Fab & Fix in particular continuing to grow its share of the market. Our new product introductions into the UK market have been well received and are starting to generate orders.

Revenues and order intake have continued to grow into the fourth quarter and we expect the UK market will demonstrate further growth in 2015.



Schlegel International



Trading conditions for Schlegel International in the period remained challenging throughout Continental Europe with demand in Germany and the Nordics being softer than in 2013 and France continuing to decline year on year. Eastern European markets remain relatively strong year on year.

The Brazilian market has returned to growth following the disruption caused by the World Cup and the integration of Vedasil into Schlegel Americas Latina is now complete.

Australia saw strong trading during the period with continued penetration of Truth casement product in the Australian market.

Accordingly we now expect a broadly breakeven performance for Schlegel International in 2014, excluding the European industrial products business which is expected to be accounted for as a discontinued operation in the 2014 accounts.

Schlegel International has seen significant investment made in its management team and structures over the past two years and this, combined with the increased focus of our European operations, positions Schlegel International well for growth as and when European markets recover.



Exit of European industrial products business



In December 2012 the Group ceased production of building products at its Gistel, Belgium plant, retaining a reduced presence in Gistel to focus on industrial products.

Industrial products are not integral to the Group's component offering and the European industrial products business (the "Business") has run at a small operating loss for the past two years. Accordingly the Group has decided to exit the manufacture of industrial products in Europe and will sell or close the Business by the year end.

In the event that the Business is closed the cash costs of closure are estimated at approximately E3.0 million, ignoring any potential proceeds from the disposal of operating assets.

2014 revenues for the Business are expected to be approximately E1.8 million (2013: E2.2 million) and the operating loss is expected to be approximately E(0.3) million (2013 operating loss: E(0.3) million). Net operating assets of the Business, excluding cash balances, are approximately E1.6 million.



Financial position



The Group retains a strong and flexible balance sheet with good cash generation in the year to date. Year end leverage is expected to be within the Group's target range of 1.5 to 2.0x net debt: underlying EBITDA.



Louis Eperjesi, Chief Executive of Tyman, commented:

"The period since the half year has seen continued growth and margin expansion in both AmesburyTruth and Grouphomesafe; with a more challenging trading environment in Continental Europe impacting Schlegel International.

"Overall the Group remains on course to deliver results in line with expectations for 2014 and remains confident in the overall prospects for 2015."

12 November 2014

12 Dec Liberum Capital 325.00 Buy

One of Shares 15 key stock selections for 2015.

2 Feb Canaccord... 380.00 Buy

Tyman PLC (TYMN:LSE) set a new 52-week high during today's trading session when it reached 342.00. Over this period, the share price is up 30.64%.

Final Results


Business highlights

· Sustained strong trading performance from AmesburyTruth against a backdrop of improving market conditions in the United States

· Cumulative AmesburyTruth synergies delivered in 2014 of US$5.5 million; 2015 guidance confirmed as at least US$8.0 million

· Next phase of transformation of AmesburyTruth into a world class manufacturing business through rationalisation of the North American footprint announced. Will generate at least US$10.0 million of annual benefit by 2020

· Rebranding of Grouphomesafe as ERA following strong performance in 2014 with significant market share gains

· Acquisition of Vedasil and closure of European Industrial Products business in Schlegel International

· Leverage ratio reduced to 1.56x, despite significant investment in the balance sheet, and ROCE improved by 240 bps to 11.4 per cent.

2015 Trading To Date

· The current year has started with order book levels ahead of 2014 and in line with our expectations across each of the Divisions

10 Mar Canaccord... 395.00 Buy

MIDAS-SHARE-TIPS-UPDATE-Tyman-handle-growth-profits-rise.

Half yearly report

Tyman Plc hikes H1 pretax profit by 53.9%
StockMarketWire.com
Tyman Plc has hiked its H1 pretax profit by 53.9% to £7.7m, form £5.0m. Dividend per share was 2.66p, up 33% from 2p. Revenue was £175.4m, from £167.0m.

Business highlights:

· Continued expansion in gross and net margins and ROCE improved by 170 bps from 12 months ago to 11.8 per cent.

· Solid six month performance in North America for AmesburyTruth, despite subdued markets, with further delivery of synergies and progress on pricing

· UK market softer in the year to date; ERA new product introductions starting to generate Revenue

· Variable European markets continue to impact Schlegel International; Australia and Singapore performing well

· Higher order books in AmesburyTruth and Schlegel International Divisions at 30 June 2015 compared with June 2014

· Leverage ratio reduced to 1.81x compared with 2.21x a year ago



At 9:37am: (LON:TYMN) Tyman share price was -5.75p at 312.75p


Story provided by StockMarketWire.com

Disposal of EWS
RNS
RNS Number : 2042Y
Tyman PLC
07 September 2015

07 September 2015

TYMAN PLC



("Tyman" or the "Group")

Disposal of EWS

Tyman, a leading international supplier of components to the door and window industry, announces that its UK and Ireland Division, ERA, has sold its steel reinforcer business, EWS, to Arc Specialist Engineering Limited ("Arc") for a net cash consideration of approximately £7.25 million (together the "Disposal").

The Disposal is in line with Tyman's strategy of focusing on the supply of high value added components to the door and window industry worldwide. EWS's products are not core to the Group's component portfolio and the Disposal takes account of EWS's future prospects under the Group's ownership. Accordingly the Board believes this is the right time to dispose of EWS and is pleased to have agreed the sale to Arc, a private engineering company based in Birmingham.

In the year ended 31 December 2014, EWS recorded Revenue of £18.7 million, Underlying Operating Profit of £1.7 million and had gross assets of approximately
£6.1 million.

The Disposal is expected to be dilutive to Group earnings, reducing 2015 Underlying Earnings Per Share by approximately 0.33 pence and 2016 Underlying Earnings Per Share by approximately 1.00 pence. The Disposal will result in a small net loss on disposal which will be recognised in the 2015 full year accounts as an exceptional item. This statement is not meant or intended to be a profit forecast, and should not be interpreted to mean that the Underlying Earnings Per Share of Tyman following completion of the Disposal will necessarily be above or below the historic published Underlying Earnings Per Share.

The proceeds arising from the Disposal will be retained within the Group and used for general corporate purposes.

Clearwater International acted as adviser to ERA on the Disposal.

Louis Eperjesi, Chief Executive Officer, commented:

"We are pleased to have completed the disposal of EWS, in line with our strategy of focusing on our portfolio of value added door and window components. We continue to invest in new products, refining our geographic footprint and targeting selective acquisitions to develop the Group."

Shares - expect a commercially-enhancing US deal in the coming months.

6 Oct Canaccord... 395.00 Buy
6 Oct Canaccord... N/A Buy

09:20 31/10/2017
Broker Forecast - Peel Hunt issues a broker note on Tyman
Peel Hunt today initiates coverage of Tyman (LON:TYMN) with a buy investment rating and price target of 430p. Story provided by StockMarketWire.com

Trading Update
RNS
RNS Number : 7159V
Tyman PLC
07 November 2017
 
Tyman plc ("Tyman" or the "Group")
 
Trading Update
Tyman, a leading international supplier of engineered components to the door and window industry, issues the following trading update for the period from 30 June 2017 to date.  This trading update contains inside information.
Current trading and outlook
Revenue and Underlying Profit before Taxation for the full year for Tyman are expected to be ahead of 2016, assisted by full year contributions from the acquisitions of Giesse and Bilco, synergy benefits and favourable exchange rates. 
Underlying Profit before Taxation for the full year is now expected to be slightly below the current range of analyst expectations*, principally due to increased input costs not yet recovered and the previously reported temporary operational issues in the AmesburyTruth Division. 
Schlegel International has continued to perform encouragingly in 2017 and ERA has taken some share in a market that is down in the UK.  The temporary operational issues in North America resulted in AmesburyTruth trading slightly behind the overall market, which has seen modest growth in the year to date.
The Group expects to make further progress in 2018 with the market outlook in North America and Continental Europe remaining positive.  Tyman will continue with its programme of self help initiatives, including price recovery where appropriate, to improve margins.
*  as at 7 November 2017 the range of analyst expectations compiled by the Group from published research notes for Underlying Profit before Taxation for the 2017 financial year is between £69.6 million - £72.3 million.
AmesburyTruth
North American residential and commercial markets have seen modest growth in 2017 with the Canadian market performing more robustly than in recent years.  Bilco has traded in line with 2016 in the year to date with pricing actions offsetting slightly lower volumes and integration remains on track.  Underlying operating margins for the Division for the full year are expected to be lower than in 2016, principally due to the consolidation of Bilco for a full twelve months and increased input costs not yet recovered.
AmesburyTruth's new facility in Statesville, North Carolina is now operational and the planned 2018 closures of the Amesbury, Massachusetts and Rochester, New York facilities have been announced.  The Juarez, Mexico facility is operating at its targeted production levels and customer service levels are returning to normal as the previously reported operational issues are being resolved.  The Division remains confident that the North American footprint project will deliver the expected US$10.0 million of cost benefits from 2020.
The new national sales representative network has seen an improvement in the level of new client wins and leads generated and a first distribution warehouse has opened in Dallas, Texas.  The new network is expected to lead to an increase in market share among tier 3 and 4 accounts during 2018.
Input costs have continued to increase in the second half of 2017; most notably zinc, paint and oil derivatives.  Given this year's operational issues, the Division has not fully recovered the impact of these increases through price; although expects to resume its usual price recovery programme in 2018.
AmesburyTruth expects to see continued growth in North American residential and commercial markets in 2018 with lead indicators for new construction and repair and remodelling remaining positive in both the US and Canada. 
ERA
UK RMI markets have remained subdued in 2017.  ERA's like for like Revenue for the full year is expected to be ahead of 2016 due to successful pricing and surcharge actions, increased volumes into distribution and only slightly lower volumes into OEM; indicating some modest market share gains.  Bilco UK and Howe Green continue to have encouraging pipelines of opportunities.  As previously indicated, Underlying operating margins in ERA for the full year will be lower than 2016, principally due to last year's exchange benefits not repeating in 2017.
The Division has started to occupy its new premises in the West Midlands with full occupancy scheduled for the start of 2018.  As a result, three existing UK distribution facilities will be closed by the end of the year.
ERA remains cautious about the outlook for RMI in 2018 and expects the market will be flat to down next year.  However, the Division will look to build on the share gains made this year in distribution and OEM, and the opportunities afforded for improved customer service in operating from a single location.
Schlegel International
Schlegel International's full year like for like Euro Revenue is expected to be slightly ahead of 2016, principally reflecting the continued improvement in Continental European trading conditions.  Since the half year Middle Eastern markets have strengthened and Latin American markets have shown some early signs of recovery.  Asia Pacific markets, including China and Australia, have remained flat to down in the year to date.  Underlying operating margins in Schlegel for the full year will be higher than in 2016 due to recovering European markets and realised synergy benefits which remain on target.
Schlegel International expects to see further growth in EMEAI markets in 2018 and Latin American markets are expected to be more robust than in recent years.  Asia Pacific markets are likely to remain profitable but subdued.
Financial position
The Group has achieved good cash generation in the year to date.  Leverage is expected to be within the Group's core year end target range of 1.5x to 2.0x at 31 December 2017.
Capital markets event - 8 November 2018
On Wednesday 8 November 2017 Tyman will hold a capital markets event for analysts and institutional investors focussed on the Group's AmesburyTruth Division.  No new financial information will be disclosed at the event and presentation materials will be made available at the Group's website.
Louis Eperjesi, Chief Executive of Tyman, commented:
"For the full year we expect to report Revenue and Underlying Profit before Taxation ahead of 2016, assisted by contributions from the acquisitions of Giesse and Bilco, synergy benefits and favourable exchange rates.  Underlying Profit before Taxation for the full year is now expected to be slightly below the current range of analyst expectations, principally due to increased input costs not yet recovered and the previously reported temporary operational issues in the AmesburyTruth Division. 
"The year to date has seen an encouraging performance from Schlegel International with the expanded product offering gaining traction, most notably in Continental Europe, and Middle East and Latin American trading also improving in Q3.  AmesburyTruth has made further progress in its footprint project in 2017 with the operational issues in Mexico now being resolved and the Canadian market continues to improve.  ERA has taken some share in what remains a flat to down market and has started operating from its new West Midlands facility.
"We expect to make further progress in 2018 with the market outlook in North America and Continental Europe remaining positive and will continue with our programme of self help initiatives, including price recovery, to improve margins."

16 Jan
Liberum Capital
410.00
Buy