28th Apr 2011 14:08
28th April 2011
Tristel plc
("Tristel" or "the Company")
AIM: TSTL
Trading Update
License Delays and Trading Update
Tristel plc, the manufacturer of infection control, contamination control and hygiene products, announces that as a consequence of delays in receipt of the licence to sell its Stella tray system in China and the delay in securing inclusion of its Wipes System on Germany's VAH listing, a substantial portion of revenues originally anticipated to fall in its current financial year will now be deferred to the financial year commencing 1 July 2011. The Company's planned expansion into the Pharmaceutical and Personal Care market with its "Crystel" range of disinfectants and cleaning products has also had a slower start than anticipated.
Whilst the Company is confident that the license delays referred to above will be successfully concluded, it is unlikely that Germany and China will make the positive contribution to the current year's result originally anticipated. Therefore, the Company now anticipates results for the second half will be at least break-even (pre-IFRS 2 charge) delivering a full year pre-tax profit of no less than £433,000.
In line with its expansion plan, the Company has continued to invest in sales and manufacturing infrastructure and the second half result is, therefore, bearing a much enlarged cost base. The Company remains debt free and will continue with its expansion plan as detailed in the interim results. Significant growth is anticipated in 2012 and beyond.
For further information, please contact:
Tristel plc |
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Paul Swinney, Chief Executive | Tel: 01638 721 500 |
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finnCap |
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Geoff Nash / Charlotte Stranner (Corporate Finance) | Tel: 020 7600 1658 |
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Walbrook PR | Tel: 020 7933 8780 |
Paul McManus (Media Enquiries) | Mob: 07917 575 484 |
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Paul Cornelius (Investor Enquiries) | DD: 020 7933 8794 |
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