Tyman PLC Capital Markets Event (2108Z)
20 Mayo 2021 - 1:00AM
UK Regulatory
TIDMTYMN
RNS Number : 2108Z
Tyman PLC
20 May 2021
TYMAN PLC
Capital Markets Event
Tyman plc ("Tyman" or the "Group"), a leading international
supplier of engineered components and access solutions to the
construction industry, will today host a virtual Capital Markets
Event at 1.30pm for investors and analysts.
Tyman's 2021 Annual General Meeting is taking place separately
this morning at 10.30 am, as per the Notice of AGM issued on 16
April 2021.
The Capital Markets Event will focus on Tyman's strategy and
demonstrate how this will deliver sustainable long-term value. We
will set out the margin expansion opportunity for each of our
divisions and how we are targeting operating margins by 2023 / 2024
of 20% for Tyman North America and 15% for both our UK &
Ireland and International divisions. We will also confirm that we
will return to our progressive dividend policy and historical cover
of between 2.0x and 2.5x from 2021, whilst keeping our target
leverage between 1.0x and 1.5x Adjusted EBITDA. In addition, we
will also set out our sustainability roadmap.
No new information will be provided on current trading further
to the Group's last trading update, which was published on 6 May
2021.
If you would like to register for today's event, please contact
ailsa.prestige@mhpc.com . A recording will be available following
the event on the Company's website.
20 May 2021
Enquiries
Tyman plc 020 7976 8000
Jo Hallas - Chief Executive Officer www.tymanplc.com
Jason Ashton - Chief Financial Officer
MHP Communications 020 3128 8613
Reg Hoare / Rachel Farrington / Ailsa Prestige tyman@mhpc.com
Notes to editors
Tyman (TYMN: LSE) is a leading international supplier of
engineered fenestration components and access solutions to the
construction industry. The company designs and manufactures
products that enhance the comfort, sustainability, security, safety
and aesthetics of residential homes and commercial buildings.
Tyman's portfolio of leading brands serve their markets through
three divisions: Tyman North America (AmesburyTruth), Tyman UK
& Ireland (ERA) and Tyman International (SchlegelGiesse).
Headquartered in London, the Group employs approximately 4,300
people with facilities in 16 countries worldwide. Further
information is available at www.tymanplc.com .
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END
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