TRIFAST PLC
Market: London
ISIN: GB0008883927
Industry: Industrial Machinery
TRI
Currency GBX
Volume 7,518
Previous Close 145.00
24/06/2021
Number of Shares (mil) 136.03
Change (%) 0.35
Market Cap (mil) 19,724.71

“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 low cost 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 32 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.

To watch read or watch the introduction to the business, go to www.trifast.com
Key figures
£000s 2018 2019 2020
Revenue 197,632 208,952 200,221
Gross profit 60,246 62,635 55,107
Operating profit 18,983 17,096 4,077
Profit before taxation 18,503 16,421 3,042
Profit for the year (attributable to equity shareholders of the Parent Company) 15,086 12,244 (238)
Total assets 188,656 204,567 216,138
Total liabilities 78,367 83,474 100,478
Net assets 110,289 121,093 115,660
Number of employees 1,216 1,276 1,279
Basic earnings per share, p 12.54 10.14 (0.19)
Underlying diluted EPS*, p 13.78 14.53 10.54
Final dividend per share, p 2.75 3.05 0.00**
Interim dividend paid, p 1.10 1.20 1.20
* Before separately disclosed items.
** The Directors are not proposing a final dividend for FY2020.
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