|
Trifast PLC on Thursday said it remains confident of delivering medium-term margin targets, and highlighted its resilience while tackling near-term economic headwinds. The East Sussex, England-based maker of industrial fastenings said trading in the first four months of the current financial year has been in line with expectations and consistent with that reported at full year results in July. Macroeconomic headwinds remain, impacting certain industrial markets, but Trifast said its ‘resilience’ will help counter this. The firm pointed to its global manufacturing footprint, engineering ‘expertise’ and exposure to growing end-markets, as supporting factors as it navigates the current environment. Nonetheless, shares in Trifast were down 5.6% at 82.72 pence each in London early Thursday afternoon. The focus remains on delivering further margin improvement, Trifast said. The success to date of the ’Recover, Rebuild, Resilience’ turnaround strategy provides confidence that margin growth and improved cash generation can be delivered, the firm added. Despite continuing external market challenges, Trifast remains confident in delivering its medium-term ambitions, including an earnings before interest and tax margin target of more than 10%. In the financial year to March, the firm reported an Ebit margin of 6.8%, up from 5.1% the year prior. ‘Whilst there is more to accomplish, we are excited about the future potential of the business as we look to the next chapter of its growth,’ Trifast said. Trifast expects to release half year results for the six-months ending September on November 18. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
