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    TRI   GB0008883927

TRIFAST PLC

(TRI)
  Report
Delayed Quote. Delayed London Stock Exchange - 01/20 11:35:17 am
160 GBX   +1.27%
2021TRIFAST : Expanded Sustainability Report 2021
PU
2021Earnings Flash (TRI.L) TRIFAST Reports Fiscal H1 Revenue GBP103.8M
MT
2021Earnings Flash (TRI.L) TRIFAST Reports Fiscal H1 EPS GBX3.22
MT
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Trifast : 2022 Half-year results presentation

11/23/2021 | 01:59am EST

Innovation

today for a

better tomorrow

Trifast plc

Presentation for the six months ended 30 September 2021

Our purpose

To provide 'Trusted Reliability' at every turn to our customers, suppliers and our people, empowering them to deliver sustainable products and solutions that add value to society and our planet

Our fastenings enable innovation today to build a better tomorrow

HY2022 highlights

Trifast plc Presentation for the six months ended 30 September 2021

1

HY2022 highlights

Highlights

Revenue growth (CER)*

Underlying operating profit

Gross margin (CER)*

(CER)*

+31.4%

+73.7%

-80bps^

HY2022

£106.4m

HY2022

£7.7m

HY2022

26.2%

HY2021

£81.0m

HY2021+

£4.5m

HY2021

27.0%

HY2020

£103.1m

HY2020+

£10.4m

HY2020

28.8%

Project Atlas:

Acquisition:

2 site implementations

Falcon, USA

  • CER has been calculated by translating the HY2022 figures by the average HY2021 exchange rate
  • As compared to HY2 FY2021 26.1%, gross margins have held steady at +10bps
  • Presented after the reclassification of IFRS2 Share-based Payments into underlying results

2

Trifast plc Presentation for the six months ended 30 September 2021

HY2022 highlights

The level of demand in the market has never been higher and the opportunities we are seeing both organically and non-organically have never been greater

  • Strong rebound in Q1 and solid Q2 growth drives year-on-year revenue increase of 31.4% and an increase of 3.2% over the pre-Covid HY2020 period
  • Operational gearing underpins underlying operating margin increase of 180bps to 7.3%
  • Gross margins at 26.2% are down against HY2021, but have held steady against HY2 FY2021 (26.1%), as transactional price rises offset increased inflationary pressures
  • Global price increase programme on contract customers is on course to secure normalised gross margins by Q4
  • Light vehicle sector sales outperform the market growing 34.3% (8.5%
    - source: LMC Automotive Ltd), through continued market share gains
  • Focused inventory investments support sales growth and protects supply in a challenging market
  • Project Atlas - costs and timetable on track, benefits starting to come through
  • Falcon acquired - a first step on our ambitious North America acquisition journey

Trifast plc Presentation for the six months ended 30 September 2021

3

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Trifast plc published this content on 23 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2021 06:58:07 UTC.


© Publicnow 2021
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Financials
Sales 2022 214 M 291 M 291 M
Net income 2022 8,15 M 11,1 M 11,1 M
Net Debt 2022 6,61 M 8,98 M 8,98 M
P/E ratio 2022 26,9x
Yield 2022 1,18%
Capitalization 216 M 294 M 293 M
EV / Sales 2022 1,04x
EV / Sales 2023 0,93x
Nbr of Employees 1 300
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Mean consensus BUY
Number of Analysts 6
Last Close Price 160,00 GBX
Average target price 189,29 GBX
Spread / Average Target 18,3%
EPS Revisions
Managers and Directors
Mark R. Belton Chief Executive Officer & Executive Director
Clare Foster Chief Financial Officer & Director
Jonathan Paul David Shearman Non-Executive Chairman
Colin Coddington Director-Group Information Technology
Scott Mac Meekin Independent Non-Executive Director
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