12 Jun 2018
Another good year; start of Project Atlas
Trifast reported another good year, with adjusted PBT up 8%, 2% ahead of our forecast. Sales grew in each of its territories and momentum remains positive in FY19. We have made no changes to our adjusted PBT forecasts which were increased following the year end trading update, although our adjusted EPS estimates have risen by 1% pa due to lower tax rate assumptions. We have made material increases to our net debt forecasts to reflect the group’s new multi-year c.£15m investment in its processes ....
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Another good year; start of Project Atlas
Trifast plc (TRI:LON) | 76.0 0 0.0% | Mkt Cap: 103.4m
- Published:
12 Jun 2018 -
Author:
Jo Reedman -
Pages:
3
Trifast reported another good year, with adjusted PBT up 8%, 2% ahead of our forecast. Sales grew in each of its territories and momentum remains positive in FY19. We have made no changes to our adjusted PBT forecasts which were increased following the year end trading update, although our adjusted EPS estimates have risen by 1% pa due to lower tax rate assumptions. We have made material increases to our net debt forecasts to reflect the group’s new multi-year c.£15m investment in its processes ....