Interim results showed a strong performance for Tristel, 6% ahead of its AGM statement on 12 December at which it indicated adjusted pre-tax profits to be no less than £1.6m. Revenues increased by 22% (16% at constant exchange rates – CER or 12% CER excluding the impact of the Australian acquisition) and adjusted pre-tax profits were up 15% to £1.71m. Despite the strong half, we leave our full-year forecasts unchanged, given FX uncertainty and a one-off stocking order in H1
23 Feb 2017
Interim results – adhering to international growth strategy
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Interim results – adhering to international growth strategy
Tristel Plc (TSTL:LON) | 470 0 0.0% | Mkt Cap: 223.1m
- Published:
23 Feb 2017 -
Author:
Mark Brewer | Cavendish Research -
Pages:
12
Interim results showed a strong performance for Tristel, 6% ahead of its AGM statement on 12 December at which it indicated adjusted pre-tax profits to be no less than £1.6m. Revenues increased by 22% (16% at constant exchange rates – CER or 12% CER excluding the impact of the Australian acquisition) and adjusted pre-tax profits were up 15% to £1.71m. Despite the strong half, we leave our full-year forecasts unchanged, given FX uncertainty and a one-off stocking order in H1