23 Nov 2021
Trifast - Interims – seeing strong recovery, no change to forecasts
Interim results show a strong bounce-back in trading levels across all of Trifast’s territories and end customer markets, with light vehicles highlighted as gaining market share. Supply chain challenges saw input cost rises, which had a temporary impact in H1, but due to price rises gross margins should normalise in Q4. Higher inventories partly explain the shift back into net debt of £5.1m. No change to forecasts. We maintain our 187p price target, with the shares trading at a discount to its p ....
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Trifast - Interims – seeing strong recovery, no change to forecasts
Trifast plc (TRI:LON) | 76.1 0 0.0% | Mkt Cap: 103.6m
- Published:
23 Nov 2021 -
Author:
David Buxton -
Pages:
8
Interim results show a strong bounce-back in trading levels across all of Trifast’s territories and end customer markets, with light vehicles highlighted as gaining market share. Supply chain challenges saw input cost rises, which had a temporary impact in H1, but due to price rises gross margins should normalise in Q4. Higher inventories partly explain the shift back into net debt of £5.1m. No change to forecasts. We maintain our 187p price target, with the shares trading at a discount to its p ....