Partly Cloudy

Partly Cloudy

max temp: 10°C

min temp: 3°C

ESTD 1874 Search

Newmarket: Tristel upgrades first half sales and profits forecasts

15:45 22 January 2014

Tristel

Tristel's factory at Snailwell, near Newmarket.

Archant

Tristel, the manufacturer of infection prevention and contamination control products, today upgraded expectations for its first half results.

shares

The company, based at Snailwell, near Newmarket, said that, following a better-than-expected December, revenues would top £6.4million, against £4.4m for last year’s first half, and pre-tax profits would be above £700,000, compared with a £600,000 loss at last year’s half-way stage.

The company, which supplies the human healthcare, animal healthcare and contamination control markets through three branded product ranges, Tristel, Anistel and Crystel, added that had seed “encouraging” performances from all business segments.

Its latest forecasts are ahead of those given at its annual general meeting last month.

Chief executive Paul Swinney said: “We are delighted with the progress made in the first half of this financial year, in particular the growth seen in sales of Tristel’s products used to disinfect non and single lumened instruments, hospital surfaces and within aseptic units.

“We continue to build upon these successes with confidence that they will continue into the second half and beyond.”

Broker Finncap said it was upgrading its full-year sales forecast for Tristel from £11.4m to £11.9m and its earnings forecast from £1.9m to £2.2m.

Finncap said: “We are upgrading our forecasts for the year ending June 2014 and raising our target price to 52p (from 38p). We believe the risk to our 2015 forecasts, which are currently unchanged, is on the upside.”

Tristel is due to report its results for the six months to December 31 on March 3.

shares

0 comments

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.

From left, Chris Chamberlain from HTK, Vicki Cole from Crafted and Helen Dodman from Ipswich Central, the three organisations behind the Destination Digital conference.

The company behind the delivery of the Ipswich town centre Business Improvement District project has teamed up with two local digital specialist to stage a conference on online marketing for the tourism and hospitality sectors.

French Connection has warned that it faces a substantial loss when it posts its annual results.

Fashion chain French Connection today warned that it now expects to make a big annual loss after seeing its recovery hopes dashed by a difficult spring trading period.

Andrew Harrison, managing director of Stansted Airport.

Manchester Airports Group, parent company of Stansted Airport, scored a four-star rating in Business in the Community’s 2015 CR Index.

Dominic Casserley, group chief executive of Willis.

Global risk advice and insurance broking firm Willis has launched a 550million euro (£393m) offer to take full control of the French broker Gras Savoye.

Sainsbury's is to cut 800 jobs as part of a restructuring of its store operations.

Sainsbury’s is to cut 800 jobs as it becomes the latest supermarket to restructure its operations in the face of tough trading conditions.

The CWind Sword offshore support vessel.

Colchester-based offshore service vessel manufacturer CTruk has won an order to supply two more of its MPC22 boats to sister company CWind.

Most read

Most commented

Topic pages