Trifast plc (LSE:TRI) said trading in the current financial year remains in line with market expectations, while the group continues to operate against a challenging macroeconomic backdrop and faces ongoing pressure in its North American automotive business.
The company reaffirmed consensus forecasts for the year ending 31 March 2027 of £214 million in revenue and £18.6 million in adjusted EBIT.
Trifast said its performance reflects increasing exposure to higher-growth areas and geographies across its operations.
Group Focuses on Margins, Costs and Cash Generation
Management said the group continues to focus on its strategic priorities, including margin improvement and cash generation, alongside cost controls under its Recover, Rebuild, Resilience strategy.
The company operates across the UK and Ireland, Asia, Europe and North America, supplying engineered fastenings and Category C components to customers in several industries, including automotive, smart infrastructure and medical equipment.
The board said it remains confident in Trifast’s medium-term prospects.
Trifast plans to provide its next update in an October pre-close trading statement, followed by interim results in November.
More about Trifast plc
Trifast plc is an international specialist in the design, engineering, manufacture and distribution of engineered fastenings and Category C components.
The group supplies multinational original equipment manufacturers and Tier 1 companies across the UK and Ireland, Asia, Europe and North America, with customers in around 65 countries.
Trifast operates high-volume cold forging manufacturing facilities as well as engineering and innovation centres. Its services cover product design and engineering consultancy, manufacturing, supply management and global logistics.
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