REG - Tristel PLC - AGM Statement and notice of results

TristelAnnouncement

13/12/2021 07:00

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RNS Number : 3405V  Tristel PLC  13 December 2021

 

Tristel plc

("Tristel" or the "Company")

 

AGM Statement and notice of results

 

Tristel plc (AIM: TSTL), the manufacturer of infection prevention products,
will hold its Annual General Meeting at 11am today at Lynx Business Park,
Fordham Road, Newmarket, Cambridgeshire CB8 7NY.

 

Paul Swinney, Chief Executive Officer, will address the meeting with the
following update:

 

"As the half progressed, in all our geographical markets sales have picked-up
well as hospitals have gradually returned to normal service levels for
diagnostic procedures. We expect revenue to exceed £15m compared to £16.8m
in the first half last year, noting revenue last year included a one-off sale
of £0.9m to the NHS for Brexit-related inventory. This stock was released
back to UK hospitals during this first half, creating a £1.8m
period-on-period distortion. Overseas revenues are expected to account for 64%
of worldwide sales during the half compared to 60% in the comparable period
last year. Reducing our exposure to the UK NHS by growing our existing
overseas businesses and entering new geographical markets is a key objective
for the Company.

 

"Cash after the full-year dividend sits above £8m. Based on continued
normalisation of hospital procedure numbers in the UK and elsewhere, which is
clearly dependent on Covid-related updates, we are on track at this stage to
be in line with market expectations for the year."

 

Notice of Results

The Company's unaudited interim results will be announced on 21 February 2022.

 

The information communicated in this announcement is inside information for
the purposes of Article 7 of Regulation 596/2014.

 

For further information please contact:

 

 Tristel plc                            Tel: 01638 721 500
 Paul Swinney, Chief Executive Officer
 Liz Dixon, Finance Director

 Walbrook PR Ltd                        Tel: 020 7933 8780 or tristel@walbrookpr.com
 Paul McManus                           Mob: 07980 541 893
 Lianne Applegarth                      Mob: 07584 391 303

 finnCap                                Tel: 020 7220 0500
 Geoff Nash/ Charles Beeson (Corporate Finance)
 Alice Lane (ECM)

 

 

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