
22 Jan 2024
Trifast - Q3 trading update: poor December lowers FY24 expectations
The Q3 update highlights December was significantly affected by lower volumes at its Asian operations and global distribution sales channel. Both had been expected to recover. Markets generally continue to give low visibility and volatile demand in a number of end markets, with recent geopolitical events also a contributory factor. As a result, FY24 is now expected to be significantly below previous expectations, with revenues of £230m and EBIT margin of c5%. We cut FY24E EPS by 38% to 3.7p and ....

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Trifast - Q3 trading update: poor December lowers FY24 expectations
Trifast plc (TRI:LON) | 80.6 -0.6 (-1.0%) | Mkt Cap: 109.7m
- Published:
22 Jan 2024 -
Author:
David Buxton -
Pages:
6 -
The Q3 update highlights December was significantly affected by lower volumes at its Asian operations and global distribution sales channel. Both had been expected to recover. Markets generally continue to give low visibility and volatile demand in a number of end markets, with recent geopolitical events also a contributory factor. As a result, FY24 is now expected to be significantly below previous expectations, with revenues of £230m and EBIT margin of c5%. We cut FY24E EPS by 38% to 3.7p and ....