Earnings growth of 24% at the half-year stage reflects 4.5% organic revenue growth, a full year benefit from FY16 acquisitions and a £1m PBT benefit from FX moves. Further to these results, we increase our FY17 earnings forecast by a further 5%. The group benefits from a broad spread of geographies; over 70%% of FY17 revenues will be generated outside the UK with Continental Europe trading particularly well. Additionally, the pound depreciation will be positive for exports from UK autom
08 Nov 2016
H117 results; 24% earnings growth
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H117 results; 24% earnings growth
Trifast plc (TRI:LON) | 67.4 3.4 7.8% | Mkt Cap: 91.7m
- Published:
08 Nov 2016 -
Author:
Ben Thefaut -
Pages:
5 -
Earnings growth of 24% at the half-year stage reflects 4.5% organic revenue growth, a full year benefit from FY16 acquisitions and a £1m PBT benefit from FX moves. Further to these results, we increase our FY17 earnings forecast by a further 5%. The group benefits from a broad spread of geographies; over 70%% of FY17 revenues will be generated outside the UK with Continental Europe trading particularly well. Additionally, the pound depreciation will be positive for exports from UK autom