Positive momentum
Market conditions were pretty much as expected in H117 though the enlarged Schlegel International performed particularly well in the period. Tyman continues to make progress on a number of fronts; broadly positive market outlooks supplemented by an agenda of operational improvements provide an attractive combination, in our view. We have raised earnings forecasts again and expect positive momentum to be sustained.Tyman is the holding company of the Tyman group of companies, which is engaged as a supplier of engineered components to the door and window industry. Co. operates in three divisions: North American, which operates as AmesburyTruth, a manufacturer of window and door hardware components, extrusions and sealing systems; U.K. and Ireland, which operates as Era, a designer, developer, manufacturer and distributor of solutions for the residential building and home improvement markets; and Schlegel International, which comprises sealing and extrusion businesses outside North America, together with Giesse, Co.'s Italy-based manufacturer of hardware products for aluminum doors and windows.
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