Shares in Tyman (TYMN) rose nearly four per cent after the door and window components manufacturer revealed that profits for the year to December 2018 will be up from the previous year, while free cash flow is expected to be significantly higher.
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The group’s performance has been boosted by a strong contribution from the acquisition of Ashland, and Zoo Hardware, while more recently it acquired Profab, a manufacturer of riser doors, and Reguitti, an interior door designer. Revenue at AmesburyTruth in the US is expected to be up on the previous year, although profits here will see little change as a result of a weaker dollar and increased input costs.
