Tricorn Group PLC Trading Update (4756D)
October 10 2018 - 2:00AM
UK Regulatory
TIDMTCN
RNS Number : 4756D
Tricorn Group PLC
10 October 2018
10 October 2018
Tricorn Group Plc
("Tricorn" or the "Group")
Trading Update
Tricorn Group plc (AIM: TCN.L), the AIM listed tube manipulation
specialist, provides the following pre-close trading update for the
six months ended 30 September 2018 (the "period").
First half revenue is expected to be in line with the six months
ended 30 September 2017 (the "corresponding period") and
approximately 6 per cent. ahead of the six months ended 31 March
2018. Growth in the Transportation division in the period offset
the reduction in the Energy sector where demand from the power
generation rental sector was, as anticipated, lower than the
corresponding period.
The Group has remained focused on improving operational
performance. As a result, the Board expects adjusted PBT* for the
period to be significantly ahead of the corresponding period and
that results for the year ending 31 March 2019 will be in line with
market expectations.
Tricorn will provide a further update on current trading and
prospects at the time of the release of its unaudited interim
results for the six months ended 30 September 2018, which is
expected to be on 5 December 2018.
*All references to PBT are before intangible asset amortisation,
share based charges and foreign exchange derivative valuation.
For further information please contact:
Tricorn Group plc
Mike Welburn, Chief Tel +44 (0)1684 569956
Executive
Phil Lee, Group www.tricorn.uk.com
Finance Director
Stockdale Securities
Limited
Tom Griffiths Tel + 44 (0)20 7601
Henry Willcocks 6100
Notes to Editors:
Tricorn is a value-added manufacturer and specialist manipulator
of pipe and tubing assemblies to niche markets worldwide in the
Energy and Transportation sectors.
Headquartered in Malvern, UK, Tricorn employs around 300
employees, has 4 manufacturing facilities in China, USA and UK. It
operates through four brands: Franklin Tubular Products, Malvern
Tubular Components, Maxpower Automotive and Minguang-Tricorn
Tubular Products.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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