Partly Cloudy

Partly Cloudy

max temp: 8°C

min temp: 5°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.

Archant

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

shares

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.

shares

0 comments

Welcome , please leave your message below.

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

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

Doug Field - Executive Officer - Finance and Technology, East of England Co-op

An East Anglian store chain is celebrating a 3% rise in profits, but warned store closures could be on the cards this year as it continues to battle tough trading conditions.

left to right): Andrew Harrison, Managing Director Stansted Airport; Charlie Cornish, MAG Chief Executive; Beth Brewster, MAG Retail Director

Phase two of an £80million project to transform restaurants on offer at Stansted Airport was officially opened yesterday, amid hopes the improved offer will attract long-haul airlines to the transport hub.

Bury St Edmunds Chamber Hustings event on 14 April at West Suffolk College: David Chappell (Liberal Democrat); Jo Churchill (Conservative); Colin Knight, Chair, Bury St Edmunds Chamber; Nigel George, Bury St Edmunds Board member; William Edwards (Labour); Dr Helen Geake (Green Party)

Suffolk’s business sector has been striving to ensure its voice is heard at a series of hustings in the run-up to the General Election.

EE is building 4G base ahead of BT deal

EE, the UK’s biggest mobile operator, said it is on track to sign up 14 million 4G customers by the end of the year.

The CWT fears a trade deal with the US would undermine any future proposals to renationalise organisations like BT or Royal Mail.

Opposition to a controversial trade deal being negotiated between the European Union and the United States has intensified amid warnings of its “massive impact” on any future campaign to renationalise the Royal Mail or BT.

A colder than normal start to the year has boosted British Gas profits.

Profits at British Gas are set to rise after the energy supplier revealed a boost in consumption following a colder than normal start to the year.

Matthew Embley,  RDC recycling services manager, left, and Gary Griffiths, RDC international partners compliance, with the company's gold Zero Waste award.

Information technology reuse and recycling company RDC has received a gold Zero Waste Award from the letsrecycle.com website.

Angela Rushforth, managing director of Ridgeons, with the firm's Investors in People gold accreditation.

Regional timber and builders’ merchant chain Ridgeons has been awarded a “gold” rating under ther Investors in People (IiP) programme.

Alex Till of Menta.

Suffolk-based Enterprise agency Menta and the county branch of the Institute of Directors (IoD) are working together to help Suffolk business owners as they strive for growth.

The water unit from the Prince's Street fire station with Ipswich with officials from the Port of Ipswich and students from Suffolk New College at the water safety demostration hosted by the port.

The Port of Ipswich teamed up with Suffolk Fire and Rescue Service to stage a rescue simulation off Orwell Quay.

Most read

Most commented

Topic pages