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 2023 and 2024 has been compiled by Tyman as of 12 October 2023 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. The consensus for 2025 has been compiled as of 12 October 2023 from forecasts provided by seven registered investment analysts, being Berenberg, Davy, Goodbody, Investec, Jefferies, Liberum and Peel Hunt.                                             

  2023   2024   2025
£m (unless otherwise stated): Consensus High Low   Consensus High Low   Consensus High Low
Sales 670.9 693.0 659.6   696.6 705.5 684.6   726.3 745.9 704.3
Adj. operating profit* 83.6 84.3 82.8   91.2 95.0 85.0   99.4 105.9 90.0
Adj. PBT* 72.5 74.6 71.6   80.5 84.3 74.5   89.8 96.6 80.5
Adj. EPS (p)* 28.1 31.2 25.6   31.2 34.0 28.3   34.8 36.9 30.9
DPS (p) 13.5 14.3 11.1   14.1 15.0 12.4   15.0 16.0 13.8
Net debt** 174.2 199.0 134.4   152.9 176.0 100.0   124.6 149.0 74.4

* 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