Trifast PLC

Latest news and updates including investors information from the Trifast Plc Group.


Trifast News Land

Half-Yearly Financial Report for the Six Months Ended 30 September 2017

"Another six months of strong growth, with increased trading driving up our underlying PBT"

HY2018 delivered another six months of strong growth, with ongoing investment across all of our regions. 

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"Holding the World Together"

The Board of Trifast issues the following unaudited trading update ahead of the Group’s Half-year results for the six months ended 30 September 2017 and which are scheduled to be announced on Tuesday 14 November 2017.  

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Trifast Plc - Annual General Meeting - July 2017

Leading international specialists in the engineering, manufacturing and distribution of high quality, industrial fastenings to major global assembly industries.

"As a Company, we were delighted once again to report an excellent 2016/17 performance which saw record breaking results and, following approval of the final dividend today, it is gratifying to share this success and reward our shareholders. Over the last six years dividends paid have grown from 0.50p to 3.50p, equating to a compound annual growth rate (‘CAGR’) of 47.6%."

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Trifast Plc - 2017 Preliminary Results

"Holding the World Together"

Our FY2017 trading performance across the business has delivered another record breaking financial year with results, ahead of our expectations. Dividend for the year is 3.50p per share, an increase of 25.0%.

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Trifast Plc Trading Update and Notice of Annual Results - April 2017

"Trading performance across the business delivers another record breaking financial year and results ahead of Board expectations"

Trifast is pleased to provide the following unaudited trading update, ahead of the publication of the Group's final results for the financial year ended 31 March 2017 which will be released on Tuesday, 13 June 2017.

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Trifast Plc Trading Update - February 2017

"Strong trading, keeps us on track with out expectations to achieve another record breaking financial year"

The Board of Trifast issues the following unaudited trading update for the Q3 trading period and up to the date of this announcement.

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2016


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Half-Yearly Financial Report for the Six Months Ended 30 September 2016

Yet another record breaking six months, with strong underlying trading growth driving our underlying PDT up by 8.0% at CER (20.3% at AER).

HY2017 has seen another six months of strong trading, putting us firmly on track with our expectations to achieve another record breaking financial year. 

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Trifast Plc Trading Update and Notice of Results - October 2016

The Board of Trifast issue the following unaudited trading update ahead of the Group's Half-year results for the six months ended 30 September, which are scheduled to be announced on Tuesday, 8 November 2016.

As we reported at our AGM on 27 July 2016, 'TR's business remains solidly on track in terms of our organic growth performance and capital investment objectives despite widespread general economic concerns arising mainly from Brexit'.  

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Trifast Plc - 2016 Preliminary Results

FY 2015 was our strongest trading performance ever. In FY 2016, we have built on that success story and delivered our sixth year of continuous growth.

For us, Europe, Asia and the USA all remain key areas for growth both organically and non-organically. Our enquiry pipeline is strong, whilst our cose organic strategy of focusing on our multinational OEMs looks set to continue to deliver growth.  

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Trifast Plc Trading Update and Notice of Annual Results

Trifast (LSE Premium Listing: Ticker: TRI), leading international specialists in the engineering, manufacturing and distribution of high quality industrial fastenings to major global assembly industries, issues the following unaudited Trading update ahead of the Group’s Annual Financial Results, which will be announced on Tuesday, 14 June 2016. 

The Company is pleased to report a strong finish to the year, benefitting from the ongoing focus on driving operational efficiencies, continued organic growth and a positive contribution from acquisitions. Accordingly, the Board expects the results for the year ended 31 March 2016 to be towards the upper end of market expectations.  

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Trifast Plc Trading Update - February 2016

Whilst the UK industrial market has shown signs of some softening as we expected when we reported last November, our markets in both mainland Europe and Asia remain strong. 

It is also pleasing to report that Kuhlmann, in Germany (acquired in Q3) and VIC (acquired in May 2014) in Italy are both trading well; both these highly experienced teams have excellent technical knowledge which is assisting us in driving our core growth strategy of increasing revenues from our multi-national OEM base on a global basis. 

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2015


Trifast Half-yearly financial report for the six months ended 30 September 2015

We are pleased to report a solid first half performance which has delivered an underlying pre-tax profit increase of 24.8% to £8.3m and a 23.2% increase in underlying EPS.

Our order pipeline across our key locations remains encouragingly healthy. We continue to focus on cost control and supply chain management, particularly from ongoing investment into efficiency drivers. The positive impact this is having on our margins is expected to continue.

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Acquisition of Kuhlmann Extends TR's European Presence Into the German Market

Under the terms of the acquisition, Trifast has acquired Kuhlmann for a total consideration of €8.50 million (£6.16m). 

The initial amount of €6.76 million (£4.90m) was paid on completion in cash and €0.04 million (£0.03m) was satisfied by the allotment of 29,350 ordinary shares in the Company.

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Trifast Plc Trading Update - September 2015

Group current trading across all regions in the period to 31 August 2015 remains encouraging and in line with management expectations.

Our search actively continues to add niche, well run businesses to the Group’s portfolio which meet our criteria and support our growth plans and ambitions.

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Trifast Plc Report & Accounts 2015

Our growth opportunity is firmly built around the enticing knowledge that Trifast has less than 1% of the global industrial fastener market.

Our offering on an international scale is an attractive USP to many OEMs.

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Trifast Plc - 2015 Preliminary Results

We are delighted to be able to report a record performance for the year. This is reflected in an impressive increase in terms of revenue, up 19%, and underlying profit before tax, up 56%.

The impressive results in 2015 are stronger than originally expected. They reflect the operational improvements implemented by management over recent years which are now delivering growth in both revenue and profitability, together with the upturn in confidence as we progressed through the year. 

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Trifast Plc Pre-Close Trading Update

The Board is very pleased to report that, following the trading update on 11 February 2015, the Group has continued to perform well in the final quarter of the financial year ended 31 March 2015. Accordingly, the Board expects the results for the year to be, as a minimum, at the upper end of current market expectations.

The strong performance in the year reflects the results of the operational improvements implemented by management over recent years now delivering growth in both margins and profitability.

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Trifast Plc - Trading Update - February 2015

The Board of Trifast plc (Symbol: TRI), the international fastenings group, provides the following trading update for the financial year to date.

The Group is developing a strong forward order pipeline reflecting solid growth from both new and existing customers across its key sectors of global automotive, domestic appliances and electronics/telecoms infrastructure (4G). 

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2014


Trifast - Half Year Results with Malcolm Diamond MBE, Executive Chairman

Malcolm Diamond MBE discusses the half year results published today including a short overview of the company, the team's performance and future opportunities.

The Board remains optimistic about the Group’s outlook and expects trading to exceed its expectations for the financial year

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Trifast Wins Category at the IR Society Awards

Trifast plc has been recognised by the Investor Relations Society (IR Society) at its Best Practice Awards ceremony held in London last week.

Trifast collected the top award for Best Use of Digital Communications (Small Cap & AIM sector). It was also shortlisted in the Best Digital Reporting and Best Annual Report categories of the 2014 Awards.

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Trifast Shortlisted for IR Society 2014 Best Practice Awards

The Investor Relations Society has just issued its short list for Best Practice Awards and Trifast has been shortlisted in three categories.

Best annual report, Best digital reporting & Best use of digital communications

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Trifast plc - Trading Update - 18th September 2014

The Board of Trifast issues the following Trading Update ahead of its Annual General Meeting which is being held (18 September 2014) at 12noon.

Group trading remains encouraging and in line with management expectations as the TR business units benefit from existing and new opportunities arising across our key sectors particularly, automotive, electronics/telecoms and domestic appliances.

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Trifast Plc - 2014 Preliminary Results

The Group performed strongly last year and started the current financial year on a similar trend. 

Couple this with the acquisition of Viterie Italia Centrale Srl (“VIC”) and the other underlying opportunities around, we are confident this all provides a solid base and confidence that will underpin and deliver TR’s future performance.

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Trifast plc Acquires Leading Italian Fastener Manufacturer & Distributor

Acquisition of Viterie Italia Centrale Srl will enhance offering and European footprint

Trifast plc, the parent company of TR Fastenings, is delighted to announce it has acquired Viterie Italia Centrale Srl (VIC), a leading Italian manufacturer and distributor of fastening systems, for £22.5m.

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Proposed €27 million acquisition of Viterie Italia Centrale Srl (“VIC”) will enhance Trifast’s offering and European footprint

Class 1 acquisition of VIC, manufacturers and distributors of fastening systems.

Viterie Italia Centrale Srl (VIC), a leading Italian manufacturer and distributor of fastening systems, for £22.5m.

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Trifast plc Pre-close Trading update - April 2014

The Directors are pleased to report that the business is continuing to benefit from the improving macro-economics and demand from manufacturing output across TR’s customer base

 As a result the Group is expected to report that the financial results for the year ended 31 March 2014 will exceed market expectation. 

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Trifast Interim Management Statement - Thursday, 30 January 2014

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.

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2013


Trifast Plc - Half-yearly financial report for the six months ended 30 September 2013

Strong organic performance from a solid base as opportunities gain momentum

Positive on-going organic results from TR’s ‘Continuous improvement’ roll-out across the Group

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Interim Management Statement - 15th August 2013

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. 

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Preliminary Results for the year ended 31 March 2013

2013 - Celebrating TR’s 40th Anniversary

Trifast’s relentless focus on profit growth and cash generation has been reflected in a strong trading performance; resulting in all KPIs being met at the end of the financial year

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Trading Update & Appointment of Independent Non-Executive Director 2013

The Group has achieved another year of consistent growth and so remains on track to meet market expectations.

Overall, very encouraging operational performance has been achieved within what is best described as a ‘mixed’ market sector backdrop; however, Trifast’s relentless on-going focus on profit growth has been reflected in the business.

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Interim Management Statement & Trading update - February 2013

Trifast releases this Interim Management Statement in respect of the period 1 October 2012 to 31 December 2012, together with a trading update for the year ending 31 March 2013.

Overall, trading has been solid and encouraging with organic Revenue in the third quarter slightly ahead of the comparable 2012 period.

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2012


Trifast PLC has won for the 2nd year running 'Best Corporate Website' at the IR Society awards 2012

Trifast's investors website www.trifast.com was again nominated for the IR Society award, 'Best corporate website' (Small Cap & AIM) and we are pleased to say has won this prestigious award for the 2nd year running.  

Malcolm Diamond MBE, Chairman of Trifast collected the award at the 2012 IR Society Annual Dinner and Best Practice Awards on Tuesday 20th November.

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Trifast Plc Half-yearly financial report for the six months ended 30 September 2012

When we reported back in June this year, we termed our business outlook as “A World of Opportunity”, and happily, nothing has occurred since then to dull our optimism in overall Group performance going forward.

We remain mindful of the continuing macro uncertainties particularly in the Eurozone; however, the current levels of business dynamics lead management to remain confident in the prospects of the business for both this financial year and the next..

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Trifast Plc Half-yearly financial report for the six months ended 30 September 2012

When we reported back in June this year, we termed our business outlook as “A World of Opportunity”, and happily, nothing has occurred since then to dull our optimism in overall Group performance going forward.

We remain mindful of the continuing macro uncertainties particularly in the Eurozone; however, the current levels of business dynamics lead management to remain confident in the prospects of the business for both this financial year and the next..

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Trifast Plc Interim Management Statement & Trading update - August 2012

The Board is pleased to provide the following Interim Management Statement covering the period 1 April 2012 to the date of this announcement.

As at the end of July trading has remained consistently ahead of budget with Automotive in the UK and Mainland Europe being the predominant driver, along with electronics in Asia also holding up well.

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Preliminary Results for the year ended 31 March 2012

Results ahead of market expectations – solid improvement in earnings sees Trifast return to the Dividend stream

We are now focused and working through this current financial year with an even higher degree of confidence in our ability to further accelerate our growth going forward into 2013 and 2014.

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Trading update - April 2012

The Board of Trifast issues the following update ahead of the publication of the Group’s Preliminary Results for the year ended 31 March 2012, which will be announced on Tuesday 19 June 2012.

The Group has made solid progress in the financial year and as a Board we are comfortable with consensus market forecasts.

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Interim Management Statement & Trading Update - February 2012

The Board is pleased to provide the following Interim Management Statement covering the period 1 October 2011 to the date of this announcement.

As reported in November 2011, the Group’s strong performance in both sales and profitability in the first half of this current financial year provided a solid foundation and opportunity to further progress across all our stated objectives.

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Trifast strengthens its global offering as it completes its £15 million Asian acquisition

Over the last three years, Trifast plc (`TR’ the `Group’ or `Company’) has successfully restructured its operations across its European, Asian and US businesses.

An essential element of the TR management growth strategy is to identify and selectively acquire profitable, ‘self-managing bolt-on’ businesses that either, extend its product range or offer niche opportunities as well as being earnings enhancing for the Group.

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2011


IR Society Annual Best Practice Awards 2011 - Trifast PLC wins Best Corporate Website

Trifast PLC were delighted to be awarded, Best Corporate Website: Small Cap and AIM at The IR Society Best Practice Awards dinner in London for our investors site.

Malcolm Diamond MBE, Chairman of Trifast collected the award at the 2011 IR Society Annual Dinner and Best Practice Awards.

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Trifast plc - Results for the six month period ended 30 September 2011

TR continues to see a number of opportunities for growth in its target markets

Following on from the improvements we saw during the second half of the last financial year, our first half performance reflects not only revenue growth but more importantly, an excellent increase in profitability over the comparable 2010 period.

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Half-year Results and Current Trading - September 2011

Given a strong first half’s trading, the Board continues to be very encouraged by the Group's business performance. 

Half-year Results for the six months ended 30 September 2011 will be released in mid-November, and a firm date will be announced in due course.

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Interim Management Statement & Trading Update - August 2011

At today’s Annual General Meeting, Malcolm Diamond, Executive Chairman, addressed shareholders and all Resolutions were duly passed. 

The Company also issued the following Interim Management Statement which covers the period from 1 April to 30 June 2011 and a Trading Update to the date of this announcement.

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June 2011 - Preliminary Results for the year ended 31 March 2011

Trifast has clearly enjoyed the best of the global recovery in customer demand “catch up” for re-stocking, which now allows our strategy to develop market share to come into its own.

These plans embrace most of our individual business teams across the Group but with special focus in Asia, the UK and America, and we look forward to reporting our progress as we go through the year.

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April 2011 Trifast plc Trading Update

The Board of Trifast plc publishes the following Trading update ahead of its Preliminary results for the year ended 31 March 2011 which are scheduled to be announced in June.

Since the Group’s Interim Management Statement (16 February 2011), the business has continued to experience buoyant trading conditions; this is evidenced with the last month of the financial year to be reported, recording record sales since the changes made to management and TR structure in early 2009.r.

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2010


Trifast plc half-yearly results for the six months ended 30 September 2010

As the Group continues to advance, and despite some caution across certain global economies we are encouraged by year to date trading and the amount of 'self help' that is within reach.

Given the market dynamics visible to us at this stage, the Board would expect profit for the year to 31 March 2011 to be significantly ahead of current expectations.

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September 2010 - Results of Annual General Meeting, and Notice of Results

Results of Voting All resolutions proposed at the Company’s AGM (21 September 2010) were duly passed. 

It is intended that the Company will announce its Half-year results for the six months ended 30 September 2010 on 16 November 2010.

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September 2010 Trifast plc Trading Update

The improvement in trading and business has continued through the traditionally quieter months of summer and, in general, demand and enquiries are increasing across both TR’s transactional and global sales.

The Board is mindful of external macro-factors which could slow overall global and UK economic growth but remains committed to its "sales-led" with margin improvement focus.

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August 2010 - Q1 Interim Management Statement

As the Company indicated in its Preliminary announcement issued on 16 June 2010, the uplift in the last quarter of the previous financial year continued into Q1 of the current financial year ending March 2011.  

Group revenue for the three months ended 30 June 2010 was 28% ahead of the same period last year; gross margins remained at levels similar to those of the second half of last financial year.

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June 2010 - Trifast plc Main Board Executive Director appointments broadens the skills base

To assist in the in the next phase of growth across our global operations and to ensure continuity and implementation of consistent policies across the Group

Trifast announces the following Executive Board appointments which take effect today 16th June 2010

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June 2010 - Preliminary Results for the year ended 31 March 2010

New three-phased strategy playing a key role in the TR recovery story

The uplift in Q4 in the year being reported has continued into Q1 of the current financial year and we would hope to report further positive news as we go through the period. Our focus will remain sales-led with margin improvement, tight control on costs and working capital, the reduction in debt and the ability to continue to generate cash.

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April 2010 - Trifast plc Pre-close update For the year ended 31 March 2010

The Board of Trifast plc (”Trifast” or “the Company”) publishes the following pre-close update ahead of its Preliminary results for the year ended 31 March 2010.

The recovering optimism witnessed in our Q3 period by customers within some of the sectors we serve such as electronic equipment and automotive has continued. This, together with our implemented ‘Phase 1’ recovery strategy instigated by the Board has seen the Group improve its market positioning significantly by the end of March 2010.

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For further information on Trifast plc please visit our investors website: www.trifast.co