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Trifast PLC (TRI)

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Wednesday 11 February, 2015

Trifast PLC

Trading Update

RNS Number : 5798E
Trifast PLC
11 February 2015
 



 

 

 

 

 

Wednesday, 11 February 2015

Trifast plc

(the "Group" or "Trifast" or "TR")

Trading update

 

The Board of Trifast plc (Symbol: TRI), the international fastenings group, provides the following trading update for the financial year to date.

 

"The Group is developing a strong forward order pipeline reflecting solid growth from both new and existing customers across its key sectors of global automotive, domestic appliances and electronics/telecoms infrastructure (4G).  Global OEM customers are by far the largest contributor to revenue.  This trend is expected to improve further over the short to medium term as we focus on converting the opportunities to extend our 'preferred supplier' partnership status outside the traditional European OEM plants into numerous sister plants in Asia and the USA.  Margin improvement continues to be driven by ongoing operational process efficiencies.

 

"As previously stated, Trifast continues to investigate and pursue potential acquisitions that would be complementary to the Group's business and meet its strategic objectives.  This has been recently exemplified by the successful integration of VIC, acquired in May 2014, and the cross-selling opportunities that are now emerging.

 

"Overall, despite the macro economic trends and exchange rate effects, the Board remains very encouraged by progress to date and the opportunities ahead, all of which are expected to contribute in delivering encouraging underlying organic growth which will be ahead of its current expectations."

 

The Group intends to issue a pre-close statement and give notice of its 2015 annual results in mid April.

 

ENQUIRIES:

Trifast plc

Malcolm Diamond MBE, Executive Chairman

Jim Barker, Chief Executive

Mark Belton, Group Finance Director

Telephone: +44 (0) 1825 747366

Email: corporate [email protected]

LSE Listing: Ticker: TRI

FTSE index sector: FTSE Small Cap and FTSE All-share indices  

 

 


Peel Hunt LLP

Justin Jones

Mike Bell

Jock Maxwell Macdonald

Telephone: +44 (0) 20 7418 8900

 

TooleyStreet Communications

IR, corporate & media relations

Fiona Tooley

Mobile: +44 (0) 7785 703523

[email protected]


About TR: Trifast's trading business TR Fastenings is a leading international manufacturer and distributor of industrial fastenings to the assembly industries, with operations in Europe, the Americas and Asia.

For more information, please visit Group website: www.trifast.com

Commercial website: www.trfastenings.com or see us on LinkedIn: www.linkedin.com/company/tr-fastenings:

Facebook: www.facebook.com/trfastenings: Twitter: www.twitter.com/trfastenings

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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