Analysts' consensus

These forecasts are not endorsed by Tyman nor does Tyman assume any obligation to update or revise the consensus to reflect circumstances arising after the date below.

The consensus for 2024 and 2025 has been compiled by Tyman as of 14 March 2024 from forecasts provided by eight registered investment analysts. The registered investment analysts included in this consensus are: Berenberg, Davy, Goodbody, Investec, Jefferies, Liberum, Numis and Peel Hunt.                                              

    2024   2025
£m (unless otherwise stated):   Consensus High Low   Consensus High Low
Sales   669.6 694.2 644.6   700.6 722.7 676.9
Adj. operating profit*   87.7 92.7 82.5   96.8 108.5 91.0
Adj. PBT*   77.7 83.6 72.6   87.8 100.1 81.4
Adj. EPS (p)*   30.0 32.3 27.9   33.9 38.2 31.1
DPS (p)   14.2 15.0 13.7   14.8 16.0 13.7
Net debt**   145.8 166.0 121.0   123.1 141.0 85.0

* Adjusted ("Adj.") profit metrics (formerly referred to as "Underlying") are defined as before amortisation of acquired intangible assets, deferred tax on amortisation of acquired intangible assets, impairment of goodwill, exceptional items, unwinding of discount on provisions, gains and losses on the fair value of financial instruments, amortisation of borrowing costs, accelerated amortisation of borrowing costs, and the associated tax effect.                                                  
** Net debt includes lease liabilities