The Tyman plc Board will propose a final dividend of 8.9 pence per share (2020: 4.0 pence), equivalent to £17.4 million based on the shares in issue as at 31 December 2021 at the Annual General Meeting (2020: £7.8 million). The total dividend declared for the 2021 financial year is therefore 12.9 pence per share (2020: 4.0 pence), reflecting a return to the Tyman plc Group's progressive dividend policy after a pause in 2020 due to COVID-19 uncertainty.
Other financial highlights include:
• LFL revenue growth of 11% against 2019 driven by share gains, pricing and strong market demand
• LFL adjusted operating profit up 11% against 2019 due to revenue growth, pricing benefits and self-help activities
• Adjusted operating margin expanded to 14.2% despite dilutive effect of cost inflation
• Adjusted EPS growth of 17% against 2019
• ROCE improvement of 250bps against 2019 to 14.5%
