Contacter Bordier
Disclaimer
Informations Légales
Plan du site
Rechercher ...
...........................
DE
ES
Following a vast restructuring program, Tomkins, whose main exposure is to industrial production in the United States, has reported a significant recovery of its operational performance. The group has just delivered a favourable opinion on the takeover bid by a Canadian consortium at 325 GBp/share in cash. The share has moved into line with the value of the offer. We are now adopting a Minus code.
Tomkins is exposed, essentially in the United States, to industrial production and to the automotive and construction sectors. Most of its final markets are now recovering. The industrial restructuring completed in 2008-2009 has given the group substantial potential for higher profits, which has not yet been fully discounted in the share price.
Tomkins published better than expected 2009 results. The operational leverage of restructuring was already clearly apparent in the 2nd half. The activity mix will result in positive organic growth in 2010. It will be backed by external growth; this is set to resume in view of the current low debt level. PLUS code confirmed.
Tomkins is exposed, essentially in the United States, to industrial production and to the automotive and construction sectors. Its final markets have for the most part bottomed out. The massive industrial restructuring that began as early as 2008 is going ahead on schedule. It will give Tomkins the potential for three times higher EBIT growth than the sector average at a 2011 horizon.
Tomkins has published better than expected half-yearly results. The restructuring plan is massive and in line, clearly reducing the volume effects. The debt level remains low. Prospects are improving and activity in the 2nd half should be better than in the 1st. PLUS code confirmed.
Tomkins is active, essentially in the United States, in industrial production, the automotive and construction sectors. Advanced US indicators indicate that 2009 will be the worst year. Backed by a robust balance sheet, the group has embarked upon a major process of restructuring which will assure its return to profit in 2010.
version française