Trifast trading in line with market view amid return to growth in UK

Trifast PLC on Tuesday said it was trading in line with the market view, citing a return to growth in the UK amid increased stability in Europe.

The Walsall, England-based maker of industrial fastenings said trading for the current financial year running until March 31 is in line with market expectations, citing revenue of £214 million and adjusted earnings before interest and tax of £18.2 million.

Revenue would therefore be 2.7% higher than £208.4 million in financial 2026, while adjusted Ebit would be up 10% from £16.5 million.

Revenue in the six months to September 30 was down 4.2% on-year, Trifast said.

It noted a "return to growth in the UK and increased stability in Europe" but softer automotive industry demand in North America and Asia.

"Our commitment to delivering high-quality revenue growth, continued margin improvement and cash generation is unchanged, notwithstanding the continued macroeconomic challenges, supported by our strongest ever commercial pipeline, and increasing customer demand for supply chain and engineered solutions in our key sectors," the firm added.

It said: "The board remains confident in the group's medium-term prospects and in the continued progress being made under the Recover, Rebuild, Resilience strategy."

The company also said that on Wednesday, it will open its new distribution centre in Chennai, expanding its capacity and strengthening service resilience in South India.

"The facility supports the continued growth of the group's Indian business, where demand is being driven predominantly by Smart Infrastructure, and provides a scalable platform to capture further growth in this attractive market," Trifast said.

Trifast will publish half-year results on November 17.

Trifast shares fell 2.3% to 84.00 pence each on Tuesday afternoon in London.

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