UK's Trifast FY26 revenue falls more than expected, expects impact from Middle East conflict

Trifast

29/04/2026 07:18

Overview

UK engineered fastenings maker's FY26 revenue fell 7%, missing analyst expectations

FY26 underlying EBIT missed analyst expectations but margin improved to about 7.8%

Company to close Malaysian manufacturing operations to cut costs and redeploy capital

Outlook

Trifast expects FY27 revenue to be reduced by c.£8.0 mln due to Malaysia closure and conflicts

Company remains on track to deliver EBIT margins above 10% in the medium term

Trifast continues to monitor geopolitical risks, with Middle East conflict expected to affect regional revenues

Result Drivers

LOWER VOLUMES & CUSTOMER EXITS - Revenue decline driven by lower volumes and exit of low-margin customers, per company

SUBDUED DEMAND & TARIFF DISRUPTION - Company cited subdued demand in several markets, caused by tariff disruption and weakness in automotive sector

MARGIN IMPROVEMENT INITIATIVES - Margin improvement attributed to self-help actions, including operational improvements and inventory discipline

Company press release: ID:nRSc2934Ca

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Miss
GBP 207 mln
GBP 214.28 mln (4 Analysts)
FY Adjusted EBIT
Miss
GBP 16 mln
GBP 16.25 mln (4 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

Wall Street's median 12-month price target for Trifast PLC is GBp120.00, about 81.8% above its April 28 closing price of GBp66.00

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)