max temp: 7°C

min temp: 4°C

ESTD 1874 Search

Newmarket: Tristel lifts profit forecast again as sales momentum continues

15:29 10 June 2014

Paul Swinney, chief executive of Tristel.

Paul Swinney, chief executive of Tristel.


Infection prevention and contamination control products manufacturer Tristel today lifted its forecast for annual profits for the second time in less than two months.


Tristel, which is based at Snailwell, near Newmarket, said at the end of April that it expected profits for the year to June 30 to reach at least £1.5million, ahead of previous expectations.

And in a further trading update yesterday, the company added that, with the current sales momentum expected to continue through to the year-end and beyond, it had lifted its earnings expectations further.

Tristel now expects pre-tax profit for the year to June 30 to be “not less than £1.75m”, compared with £480,000 in the previous 12 months, adjusted for a one-off charge of £2.2m linked to reorganisation.

In response, broker finnCap said it was upgrading its forecasts for Tristel for the fourth time since January, with profit before tax now expected to reach £1.8m this year (against a previous forecast of £1.5m) and £2.3m next year (up from £1.8m).

Tristel’s business involves three distinct brands and markets the flagship Tristel brand which targets the human healthcare sector, Anistel for animal healthcare and Crystel for contimantion control in laboratories.

Paul Swinney, chief executive, said: “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.

“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,” he added.



Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Ipswich council leader David Ellesmere at the former sugar beet factory site off Sproughton Road.

A new Enterprize Zone involving 10 development sites across East Anglia, with the potential to create 18,500 jobs, was announced by Chancellor George Osborne today.

The Chancellor of the Exchequer, George Osborne, delivering his joint Autumn Statement and Spending Review to MPs in the House of Commons
Photo: PA Wire

The Chancellor’s Autumn Statement and Comprehensive Spending Review today divided opinion between unions employers.

The Buttermarket Centre will become a £35m entertainment complex

Cinema giant Empire has signed up for a new £35m leisure complex being created in the Buttermarket Shopping Centre, Ipswich.

Natalie Moloney, of Woodbridge events firm Pink Lemonade Productions.

An entrepreneur is up for a fifth business award since her event planning company launched last year.

Tony Willson, managing director of Helmsman Services.

Colchester-based training specialist Helmsman Services has secured the largest contract in its 17 year history, for its construction-specific e-learning health and safety courses.

Households with children led an increase in leisure spending during October, according to Greene King.

Greene King has reported a boost to leisure spending during October from the Rugby World Cup and the release of the new James Bond film, Spectre.

Thomas Cook has reported its first annual profit for five years.

The boss of holiday firm Thomas Cook said yesterday that disruption experience since the deadly terrorist attacks in Tunisia, Egypt and Paris was “unprecedented” in his 30-year career.

Hopkins Homes' Bure Place development.

Suffolk-based housebuilder Hopkins Homes has now achieved a hat-trick of national awards for its restoration and conversion of a Victorian listed building in Norfolk.

Andy Fisk and Ian Tooke are the new  joint managing directors at JR Executive Travel.

Suffolk-based JR Executive Travel has been acquired in a buy-out deal valuing the business at £1.8million.

Jonathan Agar of Birketts. left, with Ian Thoroughgood of Grant Thornton.

Suffolk’s leading companies have together recorded solid growth in sales and profits over the past year, according to the new Suffolk Limited report from Grant Thornton.

Most read

Most commented

Topic pages

Local business directory

Our trusted business finder

Property search

e.g. Oxford or NW3
Powered by Zoopla

Digital Edition

Read the East Anglian Daily Times e-edition today E-edition

Great British Life

Great British Life
MyDate24 MyPhotos24