RNS Number : 8407Y
Trifast PLC
30 January 2014
 

 

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."

 

 

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

 


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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