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18 Feb 2011 07:00
18 February 2011
Tricorn Group Plc
("Tricorn" or the "Group"),
Trading Update
Tricorn Group plc (AIM:TCN.L), the AIM listed tube manipulation specialist, announces the following trading update.
Trading in the second half of the current financial year has remained strong and we expect this to continue for the balance of the period. Our Energy and Transportation sectors remain the key drivers for this.
We now expect full year Group PBT* to be significantly ahead of market expectations.
The Company will provide a further update on trading after the period end in early April.
\* The reference to PBT is before intangible asset amortisation, share based charges and fair value adjustments.
For further information please contact:
Tricorn Group plc Mike Welburn, Chief Executive Phil Lee, Group Finance Director
| +44 (0) 1684 569 956 |
Arbuthnot Securities Limited Tom Griffiths Ed Groome
| +44 (0) 20 7012 2000 |
Winningtons Tom Cooper
| +44 (0) 797 122 1972 tom.cooper@winningtons.co.uk |
Notes to Editors:
Tricorn Group plc (TCN:L) is a value added manufacturer and specialist manipulator of pipe and tubing assemblies to niche markets worldwide in the Energy, Transportation, Aerospace & Utilities sectors.
Headquartered in Malvern, UK, Tricorn employs over 290 employees and operates through four brands: MTC; Redman Fittings; Maxpower; and RMDG Aerospace.
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