Business
Annual Results - 31 March 2024 - Annual Report
Annual Results - 31 March 2024 - Annual Report.
About this update from Trifast Plc
[{"type":"text","content":"\n\n \nThis announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n \nMonday, 29 July 2024\n\n \n \nTrifast plc\n(Trifast, TR or the Company)\n \nAnnual results\nPublication of the 2024 Annual report and financial statements\n \nTrifast publishes the Group's audited Annual report and financial statements for the year ended 31 March 2024. The publication can be read in full via this link:\n \nhttp://www.rns-pdf.londonstockexchange.com/rns/1022Y_1-2024-7-26.pdf\n \nWebcast presentation\nThe Company is holding a 'live' presentation via the Investor Meet Company platform (IMC) on Thursday 1 August at 11.30am. To register and join the event please follow the link:https://www.investormeetcompany.com/trifast-plc/register-investor\n \nThis session will also be uploaded and available to watch after the event on the Company's website at Trifast plc | Our reports\n \n \n \n\n\n\n\n\n\n\nWe have defined a clear purpose and vision:\n\"To sustainably drive our customers' success by simplifying their fastener supply chain and supporting them in their technical requirements through our world-class engineering and manufacturing capabilities\"\n\n\n\n\n \n\n\n\n\n\nKey markers for the business\n \n\n\n\n\nFY2024:\n· Underlying operating profit in line with last year, notwithstanding lower revenue base\n· Underlying profit before tax £6.5m (AER), slightly higher than January guidance\n· Strong performance in light vehicle sector with 22% increase in FY24 revenues compared to prior year\n\n\n\n\n· Pipeline wins demonstrate the Group continues to have growth opportunities\n· Initial benefits of cost and productivity initiatives supported margin increase despite a challenging operating environment\n\n\n\n\n· &...