News Column

Tristel Jumps As Pretax Profit Expectations Revised Higher

June 10, 2014

Alice Attwood

LONDON (Alliance News) - Tristel PLC said Tuesday it had increased its full-year pretax profit expectations as it anticipates further acceleration in revenue growth, following previously upgrading expectations in April.

The manufacturer of infection prevention, contamination control and hygiene products said in a trading update for the year to June 30, 2014 that the strong momentum in its underlying business reported in March and April is expected to continue through to its June year-end and beyond.

Further acceleration is anticipated in revenue growth, said Tristel, and the company has therefore raised its internal expectations both for the current and subsequent financial years. Pretax profit, before share-based payments, for the year ending June 30, 2014 is now expected to be not less than GBP1.75 million.

In 2013 the company reported an adjusted pretax profit of GBP0.4 million, adjusted for non-recurring items of GBP2.2 million.

Tristel addresses three distinct markets: Human Healthcare, Animal Healthcare and Contamination Control, with three distinctively branded product ranges: Tristel, Anistel and Crystel.

"We are experiencing a rise in sales in all three portfolios and across most geographical markets. The pace of growth is higher than previously anticipated and with margins also improving and costs stable, the impact on the bottom line is both significant and immediate," said Chief Executive Paul Swinney.

The company is confident for its future, buoyed in part by a successful restructuring effort and a focus on new technology. "We can conclude that the re-shaping of our business over the past three years has been firmly cemented in place. The growing revenue contributions from the new products and new markets we have invested in have become both visible and predictable, and with an exciting pipeline of new innovations built upon our proprietary chlorine dioxide technology, we view the future with increasing confidence," Swinney added.

At the end of April Tristel said it was confident that its pretax profit for the year would beat current market expectations after recording a strong start to its second-half across the business, and said pretax profit for the full-year would come in at no less than GBP1.5 million.

Shares in Tristel were trading 22.33% higher at 78.9 pence per share Tuesday morning, the second highest gainer on AIM.

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Source: Alliance News

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