13th Nov 2013 13:27
LONDON (Alliance News) - Tyman PLC Wednesday said it is confident of meeting current expectations for its full-year results, based on its trading and market conditions.
Trading in between July 1 and November 12 has been in line with expectations, as anticipated in the company's half-year report published in August.
Tyman, which supplies components to the door and window industry, said Amesbury and Truth, its North American building products division, has seen its revenues and the order book grow, while good momentum in order intake and positive market sentiment mean that Tyman expects continued growth in the fourth quarter and into 2014. Grouphomesafe, the UK division, has seen its revenues and order intake continue to grow in the fourth quarter, with Tyman expecting further growth in 2014.
"The third quarter has continued the trends of the first half with improved order intake in the USA and UK partially offset by more difficult trading in Canada and parts of Europe. We continue to be encouraged by the progress being made integrating Truth and the potential benefits remain in line with our expectations. Overall, we remain optimistic about the group's performance and outlook," Louis Eperjesi, Chief Executive, said in a statement.
The exception to the challenging conditions throughout Continental Europe was Italy, where the company took further market share.
Tyman shares were Wednesday quoted at 231.00 pence, down 1.5%.
By Samuel Agini; [email protected]; @samuelagini
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