TIDMTRI

RNS Number : 5798E

Trifast PLC

11 February 2015

Wednesday, 11 February 2015

Trifast plc

(the "Group" or "Trifast" or "TR")

Trading update

The Board of Trifast plc (Symbol: TRI), the international fastenings group, provides the following trading update for the financial year to date.

"The Group is developing a strong forward order pipeline reflecting solid growth from both new and existing customers across its key sectors of global automotive, domestic appliances and electronics/telecoms infrastructure (4G). Global OEM customers are by far the largest contributor to revenue. This trend is expected to improve further over the short to medium term as we focus on converting the opportunities to extend our 'preferred supplier' partnership status outside the traditional European OEM plants into numerous sister plants in Asia and the USA. Margin improvement continues to be driven by ongoing operational process efficiencies.

"As previously stated, Trifast continues to investigate and pursue potential acquisitions that would be complementary to the Group's business and meet its strategic objectives. This has been recently exemplified by the successful integration of VIC, acquired in May 2014, and the cross-selling opportunities that are now emerging.

"Overall, despite the macro economic trends and exchange rate effects, the Board remains very encouraged by progress to date and the opportunities ahead, all of which are expected to contribute in delivering encouraging underlying organic growth which will be ahead of its current expectations."

The Group intends to issue a pre-close statement and give notice of its 2015 annual results in mid April.

 
                                                                        ENQUIRIES: 
                                                                       Trifast plc 
                                           Malcolm Diamond MBE, Executive Chairman 
                                                       Jim Barker, Chief Executive 
                                               Mark Belton, Group Finance Director 
                                                    Telephone: +44 (0) 1825 747366 
                                            Email: corporate enquiries@trifast.com 
                                                          LSE Listing: Ticker: TRI 
                      FTSE index sector: FTSE Small Cap and FTSE All-share indices 
 
 Peel Hunt LLP 
  Justin Jones 
  Mike Bell 
  Jock Maxwell Macdonald 
  Telephone: +44 (0) 20 7418 8900 
 
   TooleyStreet Communications 
   IR, corporate & media relations 
   Fiona Tooley 
   Mobile: +44 (0) 7785 703523 
   fiona@tooleystreet.com 
 
 About TR: Trifast's trading business TR Fastenings is a leading 
 international manufacturer and distributor of industrial fastenings 
 to the assembly industries, with operations in Europe, the Americas 
 and Asia. 
 For more information, please visit Group website: www.trifast.com 
 Commercial website: www.trfastenings.com or see us on LinkedIn: 
 www.linkedin.com/company/tr-fastenings: 
 Facebook: www.facebook.com/trfastenings: Twitter: www.twitter.com/trfastenings

This information is provided by RNS

The company news service from the London Stock Exchange

END

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