Trifast (lon:tri)
Trifast –News Or No News?

Financials

ItemCurrent PeriodPrevious Period
Year20192018
Period12 Months12 Months
Revenue£209m£198m
Earnings
Adjusted Earnings
EBITDA
Adjusted EBITDA
Statutory Profit£12m£15m
Adjusted Profit
Total Debt£33m£22m
Net Debt£14m£6m
Commentary
Title: Trifast –News Or No News?
Company: TRI - Trifast
Share Price Then: 152p
Author: Ian Smith
Date: Mon 21 Oct 2019
Comments: Trifast is an international specialist designer, manufacturer and distributor of high quality industrial fasteners, supplying a wide market from automotive and aeronautics to medical equipment and sheet metal workers.

With about 70% of its revenues and profits from outside of the UK and has no one customer representing greater than 7% of revenue it looks like a safe a diverse business. I remember a cable company that was doing really well but Apple were very much a major customer and when they went the business went into shock.

The recent trading update seems to be saying that 2020 may be slightly worse than 2019 and about the same as 2018.
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