Market: London
ISIN: GB0008883927
Industry: Industrial Machinery
Currency GBX
Volume 19,120
Previous Close 107.25
Number of Shares (mil) 122.63
Change (%) 0.70
Market Cap (mil) 13,152.38
TR is a leading international specialist in the design, engineering, manufacturing and distribution of high quality industrial fastenings to both distributors and OEM's on a global basis. It provides a 24/7 ‘full service provider’ offering ‘end-to-end’ support to all its customers. TR's success and ongoing growth is based on a unique mix of high quality manufacturing, sourcing know-how and adaptable, reliable global logistics.

Trifast distinguishes itself from international competitors by offering the "Unique Selling Proposition" of combining eight low cost manufacturing sites in Asia with a global logistics capability from business locations within UK, Europe, South-East Asia and North America, along with full technical and design support to customer engineering personnel. It employs over c.1,300 staff across 31 global locations.

Its main customer sectors are: Automotive, Electronics, Distributors, Domestic Appliances & other industries. TR had attained "Global Supplier Approval" with over 40 international key customers.

On-going profit growth deriving from aggressive sales strategy, improving operational efficiencies and strict selection of profitable niche acquisitions: in 2011, Trifast acquired PSEP in Malaysia in order to expand the Group's range of safety critical components demanded by the rapidly expanding automotive sector, an area Trifast is successfully targeting. In May 2014, it added Viterie Italia Centrale Srl (VIC) which greatly enhanced its business within the domestic appliances sector; in October 2015, it extended its geographic presence into the German market through the acquisition of industrial distributor, Kuhlmann. In April 2018, Trifast extended its distribution product range through the acquisition of Precision Technology Supplies Limited (PTS), a key supplier and distributor of stainless steel fastenings in the UK, holding one of the widest product ranges of any supplier in Europe.
Key figures
£000s 2017 2018 2019
Revenue 186,512 197,632 208,952
Gross profit 58,017 60,246 62,635
Operating profit 17,861 18,983 17,096
Profit before taxation 17,340 18,503 16,421
Profit for the year (attributable to equity shareholders of the Parent Company) 12,698 15,086 12,244
Total assets 177,230 188,656 204,567
Total liabilities 75,532 78,367 83,474
Net assets 101,698 110,289 121,093
Number of employees 1,204 1,216 1,276
Basic earnings per share, p 10.72 12.54 10.14
Underlying diluted EPS*, p 12.82 13.78 14.53
Final dividend per share, p 2.50 2.75 3.05**
Interim dividend paid, p 1.00 1.10 1.20
* Before separately disclosed items.
** The Directors recommend a final dividend of 3.05p (FY2018: 2.75p) per ordinary share to be paid on 11 October 2019 to shareholders registered at the close of business on 13 September 2019. This together with the interim dividend of 1.20p (paid on 12 April 2019) (FY2018: 1.10p) brings the total for the year to 4.25p (FY2018: 3.85p).
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