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    TPT   GB00B18P5K83

TOPPS TILES PLC

(TPT)
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Topps Tiles : tops profits after DIY demand surges

10/07/2021 | 01:21am EST

BRITS rushing to renovate their homes after spending months locked down lifted tile maker Topps Tiles' profits this year.

Higher-than-expected profits were generated by the company registering £227.5m in income, its best ever take.

Rob Parker, chief executive, said: "We remain confident on the outlook, against a backdrop of strong demand for DIY products and continued investment into home improvements."

Demand for DIY and home renovation products took off at the height of the pandemic, driven by Brits wanting to make lockdowns more palatable.

"Like-for-like sales were strongly ahead of 2019 in the final quarter but were also above the same period in 2020, when our sales bounced back strongly following the first national lockdown," Parker added.

He added the company was confident in their outlook against continuing strong demand, despite higher shipping costs squeezing margins in another symptom of the supply chain crisis.

(c) 2021 City A.M., source Newspaper

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Analyst Recommendations on TOPPS TILES PLC
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Financials
Sales 2022 233 M 312 M 312 M
Net income 2022 - - -
Net Debt 2022 83,6 M 112 M 112 M
P/E ratio 2022 -
Yield 2022 4,81%
Capitalization 121 M 163 M 162 M
EV / Sales 2022 0,88x
EV / Sales 2023 0,83x
Nbr of Employees 1 704
Free-Float -
Chart TOPPS TILES PLC
Duration : Period :
Topps Tiles Plc Technical Analysis Chart | TPT | GB00B18P5K83 | MarketScreener
Technical analysis trends TOPPS TILES PLC
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 62,00 GBX
Average target price 105,00 GBX
Spread / Average Target 69,4%
Managers and Directors
Robert Parker Chief Executive Officer & Executive Director
Stephen Hopson Chief Financial Officer & Executive Director
Darren Mark Shapland Non-Executive Chairman
Keith Down Senior Independent Non-Executive Director
Alistair Hodder Secretary, Director & Head-Legal
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