Summary of Results to March 2012

Results ahead of market expectations – solid improvement in earnings sees Trifast return to the Dividend stream

Key Financials

Full year
31 March
2012
Continuing operations
Revenue£112.51m
Underlying EBITDA1£6.54m
Underlying pre-tax profit1£5.00m
Pre-tax profit/(loss)£4.76m
Adjusted diluted EPS1 - including Acquisition3.76 pence
Re-introduction of Dividend0.50 pence
ROCE (adjusted for PSEP 12-month pro-rata basis)11.3%
Net Debt£8.41m

1 Before IFRS 2 charge, intangible amortisation, acquisition expenses and restructuring credit/(costs)

Highlights

  • Self-help solid improvement across the core TR business with all territories trading profitably
  • Successful US restructuring with new Houston hub trading profitably
  • PSEP integrating well into the Group and trading in line with management expectations
  • Significant Global contract wins across the network
  • TR awarded preferred supplier status and “Lear Corporation Global Supplier Award”
  • Profit reflected in cash — a major KPI across all 20 business units
  • A "World of Opportunity" in fragmented market and TR’s next three year strategic plan is
    underway

We are now focused and working through this current financial year with an even higher degree of confidence in our ability to further accelerate our growth going forward into 2013 and 2014.

Malcolm Diamond MBE, Executive Chairman & Jim Barker, Group Chief Executive


View the online Annual Report