Full-year results were pleasing, coming in £0.2m ahead of our forecast at the PBT line and with net debt lower than forecast and a higher dividend than expected. The impact of UK automotive weakness and the effects of the Chinese-US trade dispute are being felt. The outlook is for no change to forecasts despite comments that market conditions remain tough. Market share and capabilities are still increasing and show the benefit of strong management and strategy. The shares trade on a for
11 Jun 2019
Trifast - Full-year results slightly exceed forecast
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Trifast - Full-year results slightly exceed forecast
Trifast plc (TRI:LON) | 77.2 0.7 1.2% | Mkt Cap: 105.1m
- Published:
11 Jun 2019 -
Author:
David Buxton -
Pages:
7
Full-year results were pleasing, coming in £0.2m ahead of our forecast at the PBT line and with net debt lower than forecast and a higher dividend than expected. The impact of UK automotive weakness and the effects of the Chinese-US trade dispute are being felt. The outlook is for no change to forecasts despite comments that market conditions remain tough. Market share and capabilities are still increasing and show the benefit of strong management and strategy. The shares trade on a for