Tristel PLC Trading update & Notice of results (4226L)
19 July 2017 - 4:00PM
UK Regulatory
TIDMTSTL
RNS Number : 4226L
Tristel PLC
19 July 2017
Tristel plc
("Tristel" or "the Company")
Trading update & Notice of results
Tristel plc (AIM: TSTL), the manufacturer of infection
prevention products, provides a trading update for the year ended
30 June 2017 in conjunction with today's Shareholder Open Day at
its headquarters in Snailwell, Cambridgeshire.
For the year ended 30 June 2017 Tristel will record turnover in
excess of GBP20 million (2016: GBP17.1 million) and pre-tax profit
(before share-based payments) of at least GBP4 million (2016:
GBP3.3 million). Both turnover and pre-tax profit are ahead of
market expectations. In the second half, revenue from overseas
markets contributed 50% of the Group total compared to 43% in the
first half, and for the full year overseas revenue represented 47%
of Group revenue - a record level. Tristel has continued to
generate significant levels of cash and at 30 June 2017 cash
balances were GBP5.1 million (30 June 2016: GBP5.7 million). The
Company has no debt.
During the year ended 30 June 2017, the Company spent GBP0.95
million on the acquisition of its Australian distributor,
distributed an aggregate GBP2.8 million in dividends including a
special dividend announced in July last year, incurred costs of
GBP0.5 million in association with its North American market entry
- the fruits of which were announced earlier in the month with our
first submission to the EPA. The Company also invested US$0.75
million in Mobile ODT, a business combining smartphone technology
with hand-held medical devices for point-of-care diagnostics.
The Company will declare a final dividend for the year at the
time of the preliminary results to be announced in October. The
Board is currently considering its dividend policy and the ongoing
cash requirements of the business as it continues its global
expansion.
Shareholder Open Day
Tristel is today hosting an Open Day for Shareholders at the
Company headquarters in Snailwell, Cambridgeshire. A presentation
will be made during the Open Day; however, it will contain no new
material information and will be available on the Company website:
www.tristel.com/investor-centre
Notice of results
The Company expects to announce its preliminary results for the
year ended 30 June 2017 on 19 October 2017.
Francisco Soler, Chairman of Tristel plc, comments: "The Company
enjoyed a very strong second half with overseas sales continuing to
drive progress. The Australian acquisition that we announced at the
Open Day event in July last year made a significant contribution to
this growth and we consider it as having been a success. We are
pleased that overseas sales in the year represented almost half of
the total and we anticipate that our overseas operations will
continue to expand."
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014
For further information please contact:
Tristel plc Tel: 01638 721 500
Paul Swinney, Chief Executive Officer
Liz Dixon, Finance Director
Walbrook PR Ltd Tel: 020 7933 8780 or tristel@walbrookpr.com
Paul McManus Mob: 07980 541 893
Lianne Cawthorne Mob: 07854 391 303
finnCap Tel: 020 7220 0500
Geoff Nash/ Giles Rolls (Corporate Finance)
Alice Lane (Corporate Broking)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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