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Pre-close Trading update

15th Apr 2014 07:00

RNS Number : 8034E
Trifast PLC
15 April 2014
 

 

Date: Tuesday, 15 April 2014

Immediate Release

 

Trifast plc

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

Pre-close Trading update

 

The Directors are pleased to report that the business is continuing to benefit from the improving macro-economics and demand from manufacturing output across TR's customer base, in particular automotive; these trends are reflected across most of the Group's operations. As a result the Group is expected to report that the financial results for the year ended 31 March 2014 will exceed market expectation.

 

TR's balance sheet remains strong; cash management continues to be highly effective, as a result, management expect the business to enter the new financial year with nil net debt. With our motivated operational teams continuing to identify and create new business opportunities within our key markets this further underpins our confidence going forward.

 

Beyond organic growth initiatives, the Group continues to pursue opportunities to add geographic coverage, product range and customers to the TR footprint and we look forward to keeping all stakeholders updated with our progress.

 

Trifast's Preliminary results for the year ended 31 March 2014 are scheduled to be announced in mid-June.

 

 

Enquiries:

Trifast plc

TooleyStreet Communications Ltd

Arden Partners plc

Malcolm Diamond MBE, Executive Chairman

Jim Barker, Chief Executive

Mark Belton, Group Finance Director

Telephone: +44 (0) 1825 747366

IR, Corporate & Media Relations

Fiona Tooley

Mobile: +44 (0) 7785 703523

Telephone: +44(0) 121 309 0099

Stockbrokers to the Company

Adrian Trimmings

Katelin Kennish

Telephone: +44 (0) 20 7614 5900

Group website: www.trifast.com

Market capitalisation: £90m

 

LSE Listing: Ticker: TRI

FTSE index sector: FTSE Fledgling - Industrial Engineering

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 www.trfastenings.com

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
 
END
 
 
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