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
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 - Year-end trading update, revised estimates
Trifast plc (TRI:LON) | 72.3 0 0.0% | Mkt Cap: 98.4m
- 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.