Rain

Rain

max temp: 16°C

min temp: 9°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

Greene King apprentice Tamara-Leigh Kirkham.

Greene King has been named VQ Large Employer of the Year for 2015, in recognition of its support for members of its workforce undertaking vocational qualifications (VQs).

Sizewell A and B

Staff at the redundant Sizewell A nuclear power station will have to wait to find out if their jobs are safe from planned redundancies.

The opening of Precision Marketing's new headquarters in Bury St Edmunds.

An expanding marketing services firm celebrated the official opening of its new head office in Bury St Edmunds yesterday.

Abby Curtis who is opening Pump and Grind coffee shop in Great Colman Street with Tom Kerridge

The business team behind a new cafe have said they are disappointed they will not able to serve alcohol when opening for the first time on Saturday.

Arlingtons new art exhibition, Liz and Ken Ambler at the launch

Music, art, wine and a great deal more

Steven and Debbie Morgan pictured when they took over The Royal Oak earlier this year

Firefighters were called to a pub last night following a water leak which caused flooding.

Rachel Pearlman, Zoe Bradbury, Jack Northcott and Jordan Keeble of Ginger Nut Media team  at the OXO Tower in London, after being awarded as the best level of support during Advanced Apprenticeships.

A digital advertising firm is celebrating after scooping an award for its supportive training regime.

Royal Mail has seen a rise in annual profits.

Royal Mail today reported a rise in underlying annual profits as a squeeze on costs helped offset a lower than expected performance from its parcel business.

Bury Council Building Angel Hill.

The new chairman of Bury Town Council has said he intends to make the authority relevant after claiming it has done “almost nothing” for the last few years.

Tesco  Group Chief Executive Dave Lewis

Tesco paid £4.1 million to new boss Dave Lewis in his first six months after he was brought in from consumer goods group Unilever to turn around the embattled supermarket.

Most read

Most commented

Topic pages