22 Jan 2024
Trifast (TRI LN) - Market demand weakens in December
Trifast has released a trading update indicating that demand in Asia and global distribution sales channels has been weak in December leading to a decline in volumes. Zeus revise FY24 forecasts in line with guidance provided in the statement, with revenue of £230.0m (prev. £253.3m), EBIT of £11.5m (prev. £16.0m) leading to PBT of £6.0m (prev. £11.2m). FY25 and FY26 estimates are reduced accordingly (full details of changes to Zeus forecasts can been seen on page 2). Despite the weakening in the ....
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Trifast (TRI LN) - Market demand weakens in December
Trifast plc (TRI:LON) | 77.9 0.5 0.8% | Mkt Cap: 106.0m
- Published:
22 Jan 2024 -
Author:
Andy Hanson -
Pages:
8
Trifast has released a trading update indicating that demand in Asia and global distribution sales channels has been weak in December leading to a decline in volumes. Zeus revise FY24 forecasts in line with guidance provided in the statement, with revenue of £230.0m (prev. £253.3m), EBIT of £11.5m (prev. £16.0m) leading to PBT of £6.0m (prev. £11.2m). FY25 and FY26 estimates are reduced accordingly (full details of changes to Zeus forecasts can been seen on page 2). Despite the weakening in the ....