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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:
2013 Prelimenary results
Year ended 31 March 2013
Year ended 31 march 2012
Financial Highlights
Group revenue
Underlying operating profit*
Underlying profit before taxation*
Operating profit
Profit before tax
Earnings per share: 
- Basic
- Adjusted diluted*



Dividend - Final proposed
Positive cash generation (adjusted)
Net borrowings reduced
Return on Capital (ROCE)*
*Before separately disclosed items which are shown in the Financial statements.
** Adjusted for PSEP 12 months pro-rata (9.1% on statutory basis)

Commercial Highlights


  • New business, PSEP and healthier demand from existing customers despite loss of transfer contracts to China


  • Strong gains from automotive focus – diversifying from historic electronics & domestic appliances sectors

United Kingdom

  • Very strong performance - the benefit of ‘self - help’ initiatives
  • Securing significant new business at improved margins
  • Steady profit growth across all regions including Ireland and encouraging contribution from TR Direct


  • Creditable performance reflecting renewed vigour in the US economy and new multinational contract wins
  • Currently, a small part of TR but strategic to the business’ future growth plans


  • Investment in sourcing, automation, IT analytics and specialist sales engineers
“As stakeholders know, the global market for fasteners and related components for assembly is vast, and in terms of penetration, TR’s revenue is barely measurable; however, even though the market remains fragmented there is an opportunity for smaller more flexible players like ourselves to be “strategic consolidators”.
“The Board remain very optimistic that the phrase a ‘World of Opportunity’ initiated last year is gathering momentum as the Group’s structure and focus enables further organic growth, and when combined with new business and niche expansion opportunities, TR’s operational teams feel confident in their ability to deliver strong results through 2013/14, and into the future.”

Malcolm Diamond MBE, Executive Chairman & Jim Barker, Group Chief Executive

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