TRIFAST PLC
Market: London
ISIN: GB0008883927
Industry: Industrial Suppliers
TRI
Currency GBX
Volume 7,001
Previous Close 95.90
12/08/2022
Number of Shares (mil) 136.10
Change (%) -2.94
Market Cap (mil) 130.52

“Trifast’s fastenings enable innovation today to build a better tomorrow

Trifast (TR) is a leading international specialist in the design, engineering, manufacture, and distribution of high-quality industrial and category ‘C’ fastenings to both distributors and OEM's on a global basis. TR's success is based on a unique mix of high-quality manufacturing, sourcing, technical know-how and adaptable, reliable global logistics.

The business provides a 24/7 ‘full-service provider’ offering ‘end-to-end’ support to all its customers who in the main come from the automotive, electronics, distributors, and domestic appliances industries. Supplying over 8 billion components every year to over 5000 companies globally.  TR has also attained "Global Supplier Approval" and has established and trusted relationships with over 100 multinational OEMs/Tier 1; no one customer accounts for more than 7% of revenue.

Trifast distinguishes itself from the competition by offering the "Unique Selling Proposition": it has a global footprint that meets the needs of its customers, through combining eight high-quality manufacturing sites with a global logistics capability from business locations within UK, Europe, South-East Asia and North America, along with full technical and design services to customer engineering personnel through its highly skilled engineers who are also supported by TR technical & innovation centres based in the UK, Europe and the US. Across its 34 locations Trifast employs c.1,300 people across all disciplines.

The Group has the ability to service customers in many parts of the world and this sets it apart from its competitors. It will continue to develop its global footprint as it is a key USP, both through organic and acquisitive objectives.

Key figures
£000s 2019 2020 2021
Revenue 208,952 200,221 188,161
Gross profit 62,635 55,107 49,914
Operating profit 17,096 4,077 8,756
Profit before taxation 16,421 3,042 7,784
Profit/(loss) for the year (attributable to equity shareholders of the Parent Company) 12,244 (238) 5,790
Total assets 204,567 216,138 209,916
Total liabilities 83,474 100,478 78,112
Net assets 121,093 115,660 131,804
Number of employees 1,276 1,279 1,239
Basic earnings per share, p 10.14 (0.19) 4.33
Underlying diluted EPS, p (1,2) 12.79 8.64 6.24
Final dividend per share, p 3.05 0.00* 1.60**
Interim dividend paid, p 1.20 1.20 0.00***

1. Before separately disclosed items.
2. Presented after adoption of IFRS 16 Leases from FY2020.
* FY2020 No final dividend proposed.
** Final dividend subject to shareholder approval.
*** No interim dividend proposed FY2021.

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