REG - Trifast PLC - Trading update

TrifastAnnouncement

13/02/2025 07:00

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RNS Number : 9237W  Trifast PLC  13 February 2025

 

 

 

 

TRIFAST PLC

(Trifast, Group or Company)

 

Trading update

 

 

Thursday, 13 February 2025

 

 

Trifast (LSE: Main Market symbol: TRI) today provides the following statement
for the third quarter ended 31 December 2024 (Period).

 

Trading update

The business is seeing positive change and demonstrating operational and
financial resilience through strategy execution. We continue to effectively
navigate the current global challenges and economic conditions by focusing on
our key objectives of margin management, focused growth, organisational
effectiveness, and operational efficiency, all of which are supporting
improved returns despite the mixed demand backdrop. Overall, the Group's
performance in the Period and for the financial year to date underpins the
Board's optimism that expectations for full year performance remain unchanged.
 

With our Recover, Rebuild and Resilience transformation roadmap delivering
positive impact, the leadership team remains dedicated to executing its
strategy and value proposition which is built around TR's core strengths of
quality, service and technical engineering capabilities in selected markets
and geographies where it can align both our customer expectations and deliver
shareholder value. The Group's resilient performance reflects the underlying
improvement in the business, and we remain confident in the delivery of our
mid-term margin and returns ambitions.

Trifast will provide an overview of the Company's performance in its year-end
pre-close trading update scheduled to be released in late April 2025, ahead of
the Company's annual results announcement in July 2025.

 

 Enquiries please contact:
 Trifast plc
 Iain Percival, Chief Executive Officer
 Kate Ferguson, Chief Financial Officer
 Office: +44 (0) 1825 747630
 Email: corporate.enquiries@trifast.com
 (mailto:corporate.enquiries@trifast.com)
 Shareholders: companysecretariat@trifast.com
 (mailto:companysecretariat@trifast.com)

 Peel Hunt LLP (Stockbroker & financial adviser)
 Mike Bell

 Charlotte Sutcliffe
 Tel: +44 (0)20 7418 8900

 TooleyStreet Communications (IR & media relations)
 Fiona Tooley
 Tel : +44 (0)7785 703523
 Email : fiona@tooleystreet.com (mailto:fiona@tooleystreet.com)

 

 

 Editors' notes
 About Trifast
 In 2023, TR celebrated 50 years of business with a proud heritage of serving
 customers with engineered fastening supply chain solutions. Specialising in
 the design, engineering, manufacture, and distribution of high-quality
 industrial fastenings and Category 'C' components principally for major global
 assembly industries. As an international business we can provide customer
 support from across key regions in the UK & Ireland, Asia, Europe, and
 North America. In addition to our service locations, we operate manufacturing
 facilities focused on high volume cold forged fasteners and special parts. We
 have also established Engineering & innovation centres to support R&D
 and customer collaboration across the world. The Group supplies to customers
 in c.70 countries across a wide range of industries, including Automotive,
 Smart Infrastructure, and Medical Equipment. As a full-service provider to
 multinational OEMs and Tier 1 companies spanning several sectors, we deliver
 comprehensive support to our customers across every requirement, from concept
 design through to technical engineering consultancy, manufacturing, supply
 management and global logistics.

 We have defined a clear purpose and vision:
 To sustainably drive our customers' success by simplifying their fastener
 supply chain and supporting them in their technical requirements through our
 world-class engineering and manufacturing capabilities.

 For more information, visit:
 TRIFAST PLC TRI Stock | London Stock Exchange
 (https://www.londonstockexchange.com/stock/TRI/trifast-plc/company-page)

 website: www.trifast.com (http://www.trifast.com)

 

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