Highlights

"Results ahead of market expectations — solid improvement in earnings see Trifast return to the Dividend stream"

Financial

Revenue

£112.51m

(2011: £106.09m)

Underlying pre-tax profit*

£5.00m

(2011: £3.77m)

EBITDA*

£6.54m

(2011: £5.26m)

*Before IFRS 2 charge, intangible amortisation, acquisition expenses and restructuring credit/(costs)

Operational

Key commercials:

  • Self-help solid improvement across the core TR business with all territories trading profitably
  • Successful US restructuring with new Houston hub trading profitably
  • PSEP integrating well into the Group and trading in line with management expectations
  • Significant Global contract wins across the network
  • TR awarded preferred supplier status and "Lear Corporation Global Supplier Award"
  • Profit reflected in cash — a major KPI across all 20 business units
  • A "World of Opportunity" in fragmented market and TR's next three year strategic plan is underway

Delivering on our strategy — Strengthening our global presence

  • Trifast acquired PSEP in Malaysia in order to expand the Group's range of safety critical components demanded by the rapidly expanding automotive sector, an area Trifast is successfully targeting

Malcolm Diamond MBE
Executive Chairman

Please see Trifast strengthens its Global offering for further information

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