Trifast plc - 2019 Preliminary Results

(‘Trifast’, the ‘Group’ ‘TR’ or ‘Company’)

CEO Mark Belton speaking to BRR Media.

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Preliminary results for the year ended 31 March 2019

London: Tuesday, 11 June 2019 Trifast (LSE Premium listing: TRI), leading international specialists in the design, engineering, manufacturing and distribution of high quality industrial fastenings to major global assembly industries announces preliminary results for the year ended 31 March 2019:



Key Financials


Continuing operations

Year ended 31 March 2019 at CER

Year ended 31 March 2019 at AER

Year ended 31 March 2018

Change CER

Change AER^

Total Group revenue £209.1m £209.0m £197.6m +5.8% +5.7%
Gross profit % 30.0% 30.0% 30.5% -50bps -50bps
Underlying operating profit* £24.2m £24.2m £22.7m 6.7% 6.5%
Operating profit £17.1m £17.1m £19.0m -9.7% -9.9%
Underlying profit before tax* £23.6m £23.5m £22.2m 5.9% 5.8%
Profit before tax £16.5m £16.4m £18.5m -11.1% -11.3%
Underlying diluted earnings per share* 14.55p 14.53p 13.78p 5.6% 5.4%
Diluted earnings per share 9.92p 9.90p 12.20p -18.7% -18.9%
- final proposed
- interim
- total for the year
Net debt   £14.2m £7.4m   £6.8m
Return on capital employed (ROCE)*   18.8% 20.1%   -130bps
*Before seperately disclosed items (see note 2)
†Constant exchange rate (CER)
^Actual exchange rate (AER)
  • Total revenue increase of 5.8% at Constant Exchange Rate (CER), 5.7% at Actual Exchange Rate (AER)
  • Global market share wins drive strong automotive sales growth of 6.4%
  • Gross margins remain on target at 30.0% and underlying operating margins up to an historic high of 11.6%
  • Underlying profit before tax increased 5.9% at CER, 5.8% at AER
  • Total dividend of 4.25p, an increase of 10.4% on the prior year
  • PTS, acquired in April 2018, integrating well with double-digit year-on-year revenue growth
  • Expanded distribution facilities in USA support regional revenue growth of 38.3% at CER, 39.9% at AER
  • Project Atlas, our Group-wide investment programme to build the Trifast of tomorrow, continues to progress well
  • New £80m Group banking facilities provide c. £38m of headroom to support our organic and M&A investment driven growth strategy

Click here to download the full results


Trifast plc

Malcolm Diamond MBE, Non-Executive Chairman
Mark Belton, Chief Executive Officer
Clare Foster, Chief Financial Officer
Office: +44 (0) 1825 747630

Peel Hunt LLP

Stockbroker & financial adviser
Mike Bell
Tel: +44 (0) 20 7418 8900

TooleyStreet Communications

IR & media relations
Fiona Tooley
Tel : +44 (0)7785 703523
Published 11.06.19

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