CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

Tyman (TYMN) warns on full-year profits, shares slip

By Adrian Holliday

10:35, 17 November 2021

Photo of bricks being handled on construction site
Building components supplier Tyman has warned on profits – Photo: Shutterstock

Engineering player Tyman says 2021 revenues remain strong but the door and window components supplier warned on profits.

In the 10 months to the end of October, revenue climbed 12% to £529m ($711.8m) and on a like-for-like basis by 19%.

However full-year adjusted operating profits look set to be “marginally” below consensus expectations of £91.5m. 

Tyman stock was down almost 1.5% in trading this morning to 399p. 

International like-for-like revenues leapt more than 30%, though Tyman cautioned on the supply-chain anxieties hitting so many sectors. 

Global supply-chain challenges

“As indicated at the time of the interim results in July,” it said in its update this morning, “strong market demand and market-share gains have continued despite global supply-chain challenges, notably material and labour availability, as well as global freight disruption.” 


0.62 Price
+0.160% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 22:00 (UTC)
Spread 0.01168

Oil - Crude

74.50 Price
-1.560% 1D Chg, %
Long position overnight fee -0.0136%
Short position overnight fee -0.0083%
Overnight fee time 22:00 (UTC)
Spread 0.040


38,841.75 Price
-0.080% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00


2,072.25 Price
+1.760% 1D Chg, %
Long position overnight fee -0.0193%
Short position overnight fee 0.0111%
Overnight fee time 22:00 (UTC)
Spread 0.30

CEO Jo Hallas says Tyman is mitigating the supply-chain complexity “through close collaboration with our supply-chain partners and a range of operational excellence activities”.

‘Long-term resilience remains’

“The favourable long-term market fundamentals and resilience of the group's business model leave us well-placed to navigate this unprecedented environment and deliver further growth,” he added.

That means a shift to more energy-efficient buildings as well as some technology opportunities as ‘smart buildings’ become more widespread.

Tyman is a beneficiary of the UK’s housebuilding boom but rising costs and a slowdown in the housing market – particularly if interest rates rise – may pose headwinds. 

Read more: UK construction picks up as supply and labour issues ease

Related topics

Rate this article

Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 570.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading