Half Year 2022 Tyman PLC Earnings Call Transcript

Jul 26, 2022 / 08:30AM GMT
Jo C. Hallas - Tyman plc - CEO & Executive Director

(inaudible) Welcome, everyone. I hope you're all well. Thank you for joining Jason and me today for Tyman's Interim 2022 Results webcast.

I'd also like to introduce you to Matt Jones here on my left, who joined us recently as Head of Investor Relations and Corporate Communications. Matt was previously Head of IR at Spectris, Electrocomponents and Interserve before (inaudible). I'm sure you'll enjoy getting to know Matt in due course.

As usual, we will start by taking you through the slides, after which there'll be some time for Q&A.

If we turn to the highlights on Slide 3. Overall, trading in the first half was robust against an exceptionally strong comparative period. And our performance was consistent with (inaudible).

like-for-like revenue was up 11%, driven by the further pricing actions we implemented to mitigate ongoing input cost inflation.

(inaudible) reflecting the strength of the comparator and a lag in timing of our pricing mechanisms to recover input cost inflation. This pass-through of

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