Trifast has released its FY22 trading update ahead of the results to end March, due for publication on 21 June. Strong trading continued in 4QFY22 with results expected to be in line with the Board's expectations. We increase our EPS forecast by 5% to 7.8p on lower tax and bump up net debt to reflect continued inventory build. Trifast has been able to pass on higher costs to date, but the future remains characterised by volatility and uncertainty. We maintain our Buy recommendation and Target Pr ....
05 May 2022
Trifast# - FY22 trading update – strong finish
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Trifast# - FY22 trading update – strong finish
Trifast plc (TRI:LON) | 76.0 -0.9 (-1.6%) | Mkt Cap: 103.4m
- Published:
05 May 2022 -
Author:
Colin Smith -
Pages:
5
Trifast has released its FY22 trading update ahead of the results to end March, due for publication on 21 June. Strong trading continued in 4QFY22 with results expected to be in line with the Board's expectations. We increase our EPS forecast by 5% to 7.8p on lower tax and bump up net debt to reflect continued inventory build. Trifast has been able to pass on higher costs to date, but the future remains characterised by volatility and uncertainty. We maintain our Buy recommendation and Target Pr ....