AGM Statement

RNS Number : 0893V

Tristel PLC

10 December 2013

 



Tristel plc

("Tristel" or "the Company")

AGM Statement

Tristel plc (AIM: TSTL), the manufacturer of infection prevention, contamination control and hygiene products, will hold its Annual General Meeting today at 11am at Lynx Business Park, Fordham Road, Snailwell, Newmarket, Cambridgeshire CB8 7NY.

At the meeting Paul Swinney, Chief Executive Officer, will provide shareholders with the following update:

"I am very pleased to report that the strong trading highlighted at the time of our preliminary results has continued.

In relation to the six months ending 31 December 2013, unaudited revenues are expected to be in excess of £6 million, which is 36% ahead of the same period last year. We expect unaudited  pre-tax profit to be no less than £0.6 million for the period, compared to adjusted pre-tax profit of £0.5 million for the full year ended 30 June 2013 and adjusted pre-tax loss of £0.6 million for the same period last year.  As a result we are confident that our full year results for the year ending 30 June 2014 will be ahead of current market expectations.

The growth has come from all areas of the business, both within the UK and overseas.  We have seen a significant increase in sales of the Tristel Wipes System globally, the Crystel clean room product range has shown encouraging performance and is now contributing to Group profit, and we are seeing the impact of our restructured cost base.   We believe that the pattern of growth will continue in the second half.

An update on trading for the six months ending 31 December 2013 will be provided before the end of January."

For further information please contact:        

Tristel plc	Tel: [phone]
Paul Swinney, Chief Executive Officer
Liz Dixon, Finance Director
Walbrook PR Ltd	Tel: [phone] or [e-mail]
Paul McManus	Mob: [phone]
Lianne Cawthorne	Mob: [phone]
finnCap	Tel: [phone]
Geoff Nash (Corporate Finance)
Charlotte Stranner (Corporate Finance)
Simon Starr (Corporate Broking)

 

END

 

 

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