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: 01638 721 500 |
Paul Swinney, Chief Executive Officer |
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Liz Dixon, Finance Director |
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Walbrook PR Ltd |
Tel: 020 7933 8780 or tristel@walbrookpr.com |
Paul McManus |
Mob: 07980 541 893 |
Lianne Cawthorne |
Mob: 07854 391 303 |
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finnCap |
Tel: 020 7220 0500 |
Geoff Nash (Corporate Finance) |
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Charlotte Stranner (Corporate Finance) |
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Simon Starr (Corporate Broking) |
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