Following yesterday’s trading update and management’s comments we have revised our estimates; while trading is broadly in line, we have reduced our FY20 PBT estimate by 5.7%. With a number of cost and cash shielding actions taken coupled with debt well within covenant levels means financial security looks fine, with flexibility to undertake M&A as opportunities arise. Forecasts for FY21 remain under review for the time being.
24 Apr 2020
Trifast - Year-end trading update, revised estimates
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Trifast - Year-end trading update, revised estimates
Trifast plc (TRI:LON) | 77.3 0.7 1.2% | Mkt Cap: 105.2m
- Published:
24 Apr 2020 -
Author:
David Buxton -
Pages:
4
Following yesterday’s trading update and management’s comments we have revised our estimates; while trading is broadly in line, we have reduced our FY20 PBT estimate by 5.7%. With a number of cost and cash shielding actions taken coupled with debt well within covenant levels means financial security looks fine, with flexibility to undertake M&A as opportunities arise. Forecasts for FY21 remain under review for the time being.