Outlook: Looking ahead positively
Profits for the year to last March are ahead of expectations, despite several estimate upgrades over the year. Moreover, there was strong cash generation again. Last month's major acquisition is earnings enhancing for both the current year and into the future. The market has responded to the improving prospects with a doubled share price over the past year. The higher rating looks justified.Trifast is engaged in the engineering, manufacturing and distribution of industrial fastenings and category C components to a range of industries and customers. The key end markets in which these products can be found are automotive, electronics and domestic appliances. Co. has a range of self-clinch fastenings, blind rivets and rivet nuts, rivet bushes and thread forming screws. Co. also designs and supplies locking systems and locks, hinges and latches, clamps and terminals, gaskets and accessories. Co. operates in Norway, Sweden, Hungary, Ireland, Holland, Italy, Germany, Spain and Poland; in U.S. and Mexico; and in Malaysia, China, Singapore, Taiwan, Thailand and India.
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