IN BRIEF: Trifast expects subdued demand to continue in second half
22nd Oct 2024 18:20
Trifast PLC - East Sussex, England-based maker of industrial fastenings - Expects revenue to fall around 3.1% in the first half its of financial 2025, ended September 30. This reflects "softer demand conditions in several end markets" and was in line with management expectations. Trifast says it is on track to achieve phased cost savings of around GBP3.0 million from its operational improvement programme, which includes a 10% reduction in non-operating headcount, and the completion of consolidating UK facilities into the National Distribution Centre in the West Midlands. Read More