Full Year 2022 Tyman PLC Earnings Call Transcript
Welcome, everyone. I hope you are all well. Thank you for joining Jason and me today for Tyman's Full Year 2022 Results Webcast. As usual, we'll start by taking you through a short presentation, after which there will be some time for Q&A.
If we turn to the highlights on Slide 3. Overall, trading in the year was solid against a strong comparator and an increasingly challenging macroeconomic backdrop. Indeed, adjusted operating profit of GBP 94.6 million was at the upper end of full year expectations. Like-for-like revenue was up 5%, driven by the further pricing actions we implemented to mitigate ongoing input cost inflation as well as reflecting further share gains.
These factors helped offset the impact of lower market volumes in the year, including the impact of the exit from Russia. Like-for-like adjusted operating -- like-for-like adjusted profit declined 3%, which also reflects the impact of the exit from Russia. The pass-through of cost inflation had a dilutive effect on like-for-like adjusted operating margin, and Jason
| 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... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
