Business
Preliminary Results for the year ended 31 March 11
Preliminary Results for the year ended 31 March 11.
About this update from Trifast Plc
[{"type":"text","content":"\n \nRNS Number : 5931H Trifast PLC 01 June 2011 \n \n\n \n\n\n\n\nIssued by Citigate Dewe Rogerson Ltd, Birmingham\n\n\n\n\n\n\n\nWednesday, 1 June 2011\n\n\nEmbargoed: 7.00am\n\n\n\n\n \nPreliminary Results for the year ended 31 March 2011\n \n\n\n\n\n \n \nContinuing operations\n\n\nH1\n30 September\n2010\n\n\nH2\n31 March\n2011\n\n\nFull Year\n31 March\n2011\n\n\nFull year\n31 March\n2010\n\n\n\n\nRevenue\n\n\n£52.04m\n\n\n£54.05m\n\n\n£106.09m\n\n\n£85.94m\n\n\n\n\nUnderlying EBITDA¹ \n\n\n£2.48m\n\n\n£2.78m\n\n\n£5.26m\n\n\n£2.13m\n\n\n\n\nUnderlying pre-tax profit¹ \n\n\n£1.72m\n\n\n£2.05m\n\n\n£3.77m\n\n\n£0.92m\n\n\n\n\nPre-tax profit/(loss)\n\n\n£1.48m\n\n\n£1.04m\n\n\n£2.52m\n\n\n(£2.81m)\n\n\n\n\nOperating cash generation\n\n\n(£0.14m)\n\n\n(£0.91m)\n\n\n(£1.05m)\n\n\n£3.91m\n\n\n\n\nNet Debt\n\n\n£5.63m\n\n\n£7.14m\n\n\n£7.14m\n\n\n£4.68m\n\n\n\n\n¹ Underlying profit and EBITDA is calculated before intangible amortisation, IFRS 2 charges, restructuring costs.\n \nKey points\no Sales led focus yielding the desired outcome\no Geographically:\no Asia continued to grow and provides firm foundation\no UK this year's star performer, £3m swing into profitability\no US/Mainland Europe improved to break-even\no Key metrics:\no Gross Margin improved to 25.2% (2010: 24.4%)\no EBITDA margin up to 5.0% (2010: 2.5%)\no ROCE 8.7% (2010: 2.4%)\no Firm foundations in place\no TR Direct (Day to day UK Transactional sales)\no Investment in 'Automotive Centre of Excellence' in Holland\no Global sales strategy - increasing representation in China, India, USA and UK\no Encouraging start to the new fiscal year\n \n \n\"Trifast has clearly enjoyed the best of the global recovery in customer demand \"catch up\" for re-stocking, which now allows our strategy to develop market share to come into its own. These plans embrace most of our individual business teams across the Group but with special focus in Asia, the UK and America, and we look forward to reporting our progress as we...