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30 Jan 2014 07:00
Date: Thursday, 30 January 2014 | Immediate Release |
Trifast plc ("Group" or "Trifast" or "TR") Interim Management Statement
Trifast publishes this unaudited Interim Management Statement covering the period from 1 October 2013 to the date of this announcement:-
"The Directors are pleased to report that a combination of the recently well publicised automotive dynamics in the UK, US and China, our own ongoing 'self-help' focus and the improving macro-economic sentiment are resulting in the Group's divisions in Asia, Europe and the US trading strongly. TR's balance sheet remains strong, cash collection continues to be effective and Group gearing is modest.
As our customers and markets continue to make strides in technological advancements, we too look to add further value to TR's offering through enhanced engineering design and technical capability matched by complementary products that meet the requirements, demands and aspirations of our global customers. Our teams also continue to identify and create new business opportunities within our key markets which further enhance our confidence going forward.
Beyond our teams' organic growth initiatives, one of our objectives remains to be a 'strategic consolidator' and as such, the Group continues to actively investigate suitable acquisitions to add geographic coverage, product range and customers to the TR footprint.
We look forward to keeping all stakeholders updated with our progress."
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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: £85m
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
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