Industry News

Trifast year finishes strongly 10 July 2017

In a pre-closed period trading update Trifast Plc reported: “Trading performance across the business delivers another record breaking financial year and results ahead of boardexpectations”. Final results for the year to 31st March 2017 will be released on 13th June.

Trifast said all the Group’s main geographies contributed to trading results ahead of management expectations, reflecting “compelling underlying organic growth from key sectors”. Asia continued its return to growth; building on the profitable return achieved in the first half of the year. The UK experienced good growth from both OEM and distributor export businesses. US operations produced double-digit growth, albeit from a small base. Mainland Europe “performed well” and delivered year-on-year growth.
Trifast’s capital investment of the year totalled GB£3 million (€3.6 million) to provide additional capacity in Asia and Europe. Trifast also confirmed the benefits of foreign exchange tailwinds resulting from more than 70% of revenue being generated outside the UK.

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