Tricorn Group PLC Trading Update (2119V)
05 April 2019 - 5:00PM
UK Regulatory
TIDMTCN
RNS Number : 2119V
Tricorn Group PLC
05 April 2019
5 April 2019
Tricorn Group Plc
("Tricorn", the "Company" or the "Group")
Trading Update
Tricorn Group plc (AIM: TCN.L), the AIM listed tube manipulation
specialist, provides the following pre-close trading update for the
financial year ended 31 March 2019 (the "Year").
Revenue for the Year is expected to be around 2.5 per cent.
ahead of the previous year. New business growth in the
Transportation division more than offset the reduction in revenue
in the Energy division which, as anticipated, saw significantly
lower demand from the power generation rental sector. The Company's
joint venture in China continues to perform well.
Adjusted PBT* for the Group is expected to be around 30 per
cent. up on the previous year.
Tricorn will provide a further update on current trading and
prospects at the time of the release of its audited full year
results, which is expected to be on 3 June 2019.
*All references to PBT are before intangible asset amortisation,
share based charges and foreign exchange derivative valuation.
For further information please contact:
Tricorn Group plc
Mike Welburn, Chief Executive Tel +44 (0)1684 569956
Phil Lee, Group Finance Director www.tricorn.uk.com
Shore Capital
Tom Griffiths Tel + 44 (0)20 7601 6100
Henry Willcocks
Notes to Editors:
Tricorn is a value-added manufacturer and specialist manipulator
of pipe and tubing assemblies to niche markets worldwide in the
Energy and Transportation sectors.
Headquartered in Malvern, UK, Tricorn employs around 300
employees, has 4 manufacturing facilities in China, USA and UK. It
operates through four brands: Franklin Tubular Products, Malvern
Tubular Components, Maxpower Automotive and Minguang-Tricorn
Tubular Products.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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