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Market Cap: £95.02m
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Interim Management Statement

15 Aug 2013 07:00

RNS Number : 7361L
Trifast PLC
15 August 2013
 

 

 

Date: Thursday, 15 August 2013

Immediate Release

Trifast plc

("Group" or "Trifast")

Interim Management Statement

 

Trifast publishes its unaudited Interim Management Statement covering the period from 1 April 2013 to the date of this announcement:-

 

The Directors are pleased to report that trading in all of the Group's divisions in Asia, Europe and the USA continue to trade strongly. Looking ahead, we are also encouraged by the major new business opportunities that our TR sales teams are both creating and uncovering in particular in Asia and the USA within our focused key sector of Automotive and within Electronics.

 

As we stated back in June, having spent the previous two years improving TR's operational processes to enhance margins, we now have the capacity to focus once again on top line growth. More recently, Sales engineers have been recruited and inducted to help drive our 'roll-out' into the many individual assembly sites of the multinationals that have already nominated TR as a 'Preferred Supplier'. Our investment into a broad new range of plastic fasteners at the beginning of 2013 is proving to be progressively valuable in supporting our organic growth aspirations. Similarly, a recovery in sales of our TR Branded products to Distributors in the UK and Mainland Europe is perhaps signalling that macro-economic recovery is slowly being manifested.

 

The business remains effective in its cash collection with minimal bad debts, and foreign exchange, although unpredictable, has to date presented less headwind than anticipated in this financial period.

 

In this year of 2013 we look back and celebrate TR's '40 years of Service Innovation' - more can be read about this in the online version of the Group's 2013 Annual Report which is available on our investor website, www.trifast.com. Meanwhile, we look forward to keeping shareholders updated on our progress throughout the current financial year and also to welcoming shareholders to TR Uckfield, East Sussex on Tuesday, 17 September 2013 for our AGM which is to be held at 12 noon.

 

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: £60m

 

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
 
 
IMSEAEPLFLPDEAF
Date   Source Headline
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3rd Apr 200910:53 amRNSDirector/PDMR Shareholding
24th Mar 20097:00 amRNSSenior Non Executive Director Appointment
18th Mar 20099:46 amRNSAppointment of Advisor
18th Mar 20097:00 amRNSDirectorate Change
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2nd Feb 20097:00 amRNSInterim Management Statement/Directorate Change
22nd Jan 200912:32 pmRNSHolding(s) in Company
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10th Dec 200811:55 amRNSHolding(s) in Company
10th Dec 200811:55 amRNSHolding(s) in Company
19th Nov 20087:00 amRNSInterim Results
10th Nov 20082:50 pmRNSHolding(s) in Company
6th Nov 20088:00 amRNSNotice of Results
5th Nov 200812:08 pmRNSTotal Voting Rights
28th Oct 20089:13 amRNSHolding(s) in Company
23rd Oct 20089:32 amRNSHolding(s) in Company
24th Sep 20082:17 pmRNSDirector/PDMR Shareholding
23rd Sep 20082:43 pmRNSResult of AGM
18th Sep 20087:00 amRNSTrading Statement
5th Sep 20083:20 pmRNSBlocklisting Interim Review -
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5th Sep 20088:47 amRNSBlocklisting Interim Review
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15th Aug 20087:00 amRNSInterim Management Statement
18th Jun 20087:00 amRNSFinal Results
12th May 200810:13 amRNSNotice of Results
17th Apr 20087:00 amRNSTrading Statement
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11th Apr 20088:55 amRNSHolding(s) in Company
9th Apr 200811:28 amRNSHolding(s) in Company
31st Mar 20089:57 amRNSTotal Voting Rights
5th Mar 20089:17 amRNSBlocklisting Interim Review
5th Mar 20089:14 amRNSBlocklisting Interim Review
13th Feb 20087:00 amRNSInterim Management Statement
31st Jan 20083:25 pmRNSTotal Voting Rights
11th Jan 20083:14 pmRNSFurther re Directorate change
8th Jan 20087:00 amRNSDirectorate Change

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