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Nov 17 2022, 08:40 GMT
Tyman
2022 expectations confirmed, although demand could weigh on 2023
- Sectors : Building products
- Companies : Tyman
DAVY VIEW
While Tyman can and is pulling self-help levers (implementing cost savings, gaining market share, focussing on gross margin), it is ultimately subject to backdrop conditions. As such, we are relieved that the company concurs with market expectations for 2022, but we anticipate expectations will need to be more cautious for 2023 as pressures in the US housing market weigh.
