TRIFAST PLC
Market: London
ISIN: GB0008883927
Industry: Industrial Suppliers
TRI
Currency GBX
Volume 11,566
Previous Close 74.60
10/05/2024
Number of Shares (mil) 136.11
Change (%) 4.48
Market Cap (mil) 101.54

“A global leader in attractive markets: focused on its future

About Trifast plc (TR)

Founded in East Sussex in 1973, TR is a leading international specialist in the design, engineering, manufacture, and distribution of high-quality industrial fastenings and Category 'C' components principally to major global assembly industries.
What we do:

  • Design: early involvement in design is key to ensure that we support customers at the level of inception of new products
  • Produce: In-house manufacturing gives us increased capability, product knowledge and a unique advantage over competitors
  • Procure: Our vendor development process provides a strong approved vendor supply chain
  • Deliver: Tailored solutions provide a logistics service that meets customers' specific requirement

The Group supplies to customers in c.70 countries across a wide range of industries, including light vehicle, heavy vehicle, health & home, energy, tech, & infrastructure (ET&I), general industrial and distributors. As a full service provider to multinational OEMs and Tier 1 companies spanning several sectors, we deliver comprehensive support to our customers across every requirement, from concept design through to technical engineering consultancy, manufacturing, supply management and global logistics.

As an international business we are able to provide 24/7 customer support from across key regions in the UK, Asia, Europe and North America. In addition to our service locations we operate a number of manufacturing facilities focused on high volume cold forged fasteners and special parts. We have also established Technical & Innovation Centres to support R&D and customer collaboration across the world.

To read more on our 50 years of progress and the latest Sustainability Report
https://www.trfastenings.com/investors/reports-and-presentations

Key figures
£000s 2021 2022 2023
Revenue 188,161 218,618 244,391
Gross profit 49,914 58,429 61,929
Operating (loss)/profit 8,756 11,604 -8
(Loss)/profit before taxation 7,784 10,617 -2,692
Profit/(loss) for the year (attributable to equity shareholders of the Parent Company) 5,790 8,977 -2,866
Total assets 209,916 255,016 265,334
Total liabilities 78,112 115,871 129,445
Net assets 131,804 139,145 135,889
Number of employees 1,239 1,280 1,352
Basic earnings per share, p 4.33 6.61 -2.12
Underlying diluted EPS, p 1 2 6.24 8.13 5.13
Final dividend per share, p 1.60 1.40 1.50
Interim dividend paid, p 0.00* 0.70 0.75

1. Before separately disclosed items.
2. Presented after adoption of IFRS 16 Leases from FY2020.
* In FY20 and FY21, one dividend payment was made, rather than an interim and final, due to the impact of Covid-19

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