26 Jul 2022
Trifast - Full-year results – some margin pressure continues
The group’s results were slightly ahead of expectations, in terms of both revenue and profits. Management has largely returned gross margins to normal levels following its first phase of price rises, with recent inflation (energy prices) now being matched by further price rises. In the short term, this results in a margin lag that affects H1 profitability, with a much stronger H2 anticipated. We pare back our FY23 expectations, with a 3.5% reduction in EPS. The extension of supply-chain lead tim ....
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Trifast - Full-year results – some margin pressure continues
Trifast plc (TRI:LON) | 76.0 -0.9 (-1.6%) | Mkt Cap: 103.4m
- Published:
26 Jul 2022 -
Author:
David Buxton -
Pages:
8
The group’s results were slightly ahead of expectations, in terms of both revenue and profits. Management has largely returned gross margins to normal levels following its first phase of price rises, with recent inflation (energy prices) now being matched by further price rises. In the short term, this results in a margin lag that affects H1 profitability, with a much stronger H2 anticipated. We pare back our FY23 expectations, with a 3.5% reduction in EPS. The extension of supply-chain lead tim ....