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Sales led focus yielding the desired outcome geographically:
– Asia continued to grow and provides firm foundation
– UK this year’s star performer, £3 million swing into profitability
– US/Mainland Europe improved to break-even
Key metrics:
– Gross margin improved to 25.2% (2010: 24.4%)
– EBITDA margin up to 5.0% (2010: 2.5%)
– ROCE 8.7% (2010: 2.4%)
Firm foundations in place
– TR Direct (day to day UK Transactional sales)
– Investment in 'Automotive Centre of Excellence' in Holland
– Global sales strategy – increasing representation in China, India, USA and UK
Encouraging start to the new fiscal year
Letter from the Chairman
Trifast has made significant progress in regaining profitability...we have implemented 75% of our strategic objectives at this time, and we believe we are well on our way to achieving our trading profit aspirations...
Read the letter in full
Our Business Model
“We are very successful at winning and most importantly — keeping our customers. Our business model is key to generating value and providing returns to our shareholders”
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Inside Trifast
TR has distribution sites in the UK, mainland Europe, Asia Pacific and the USA delivering to 54 countries in total, plus five manufacturing plants in SE Asia and a small specialist plant in the UK.
Read Our Key Points