Jul 25, 2023 / 08:00AM GMT
Jason Ashton - Tyman plc - Interim CEO & Director
Good morning, and welcome, everyone. I hope you're all well. Thank you for joining, Juliette, and myself today for Tyman's Half-Year 2023 Results Webcast. As usual, we'll take you through a short presentation, after which there'll be time for Q&A.
So if we turn to the highlights on Slide 3. Overall, trading in the first half was solid despite the challenging market backdrop in all of our key markets and against a strong comparative. Like-for-like revenue declined, reflecting the significant reduction in volumes that we've experienced since the fourth quarter of 2022 due to both, underlying demand softness and customer destocking, which more than offset the benefit from prior year pricing actions.
Turning to operating profit. The carryover of prior year pricing, together with some easing in input cost inflation and the agility we showed to flex our cost base was not enough to offset the impact from the significant reductions in volume at the group level. And adjusted operating profit and margin fell in the first half. However, in
Half Year 2023 Tyman PLC Earnings Call Transcript
Mar 27, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers