TRIFAST PLC
Market: London
ISIN: GB0008883927
Industry: Industrial Machinery
TRI
Currency GBX
Volume 149,631
Previous Close 192.00
13/12/2018
Number of Shares (mil) 121.39
Change (%) 3.23
Market Cap (mil) 23,306.19
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 2016 2017 2018
Revenue 161,370 186,512 197,632
Gross profit 48,004 58,017 60,246
Operating profit 13,868 17,861 18,983
Profit before taxation 13,077 17,340 18,503
Profit for the year (attributable to equity shareholders of the Parent Company) 10,225 12,698 15,086
Total assets 158,033 177,230 188,656
Total liabilities 74,283 75,532 78,367
Net assets 83,750 101,698 110,289
Number of employees 1,185 1,204 1,216
Basic earnings per share, p 8.78 10.72 12.54
Underlying diluted EPS*, p 9.99 12.82 13.78
Final dividend per ordinary share, p 2.00 2.50 2.75**
Interim dividend paid, p 0.80 1.00 1.10
* Before separately disclosed items.
** The Directors recommend a final dividend of 2.75p (2017: 2.50p) per ordinary share to be paid on 12 October 2018 to shareholders registered at the close of business on 14 September 2018. This together with the interim dividend of 1.10p (paid on 12 April 2018) (2017: 1.00p) brings the total of the year to 3.85p (2017: 3.50p).
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