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Leading International Investment Research, Edison Investment Research

Equity Bottom-Up

<p>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.</p>

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 PLC

Positive momentum