Partly Cloudy

Partly Cloudy

max temp: 14°C

min temp: 5°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

The Wick & Wax Company team from Woodbridge School at the final of the 2016 Suffolk Young Enterprise competition.

Twelve teams of budding entrepreneurs from across the county took part in the final of the 2016 Suffolk Young Enterprise competition.

The Sembmarine SLP jacket for the offshore wind turbine substation is moved onto a barge. Picture by Alan O'Neill.

The fabrication yard behind a multi-million pound project which has dominated the Lowestoft skyline for months has called on business leaders to work together to bring more work to the coast.

Sainsbury's chief executive Mike Coupe.
Photo: Sainsbury's/PA Wire

The City will this week look for details of how Sainsbury’s plans to overhaul Argos when the supermarket posts its annual results next week, while trading at rival Morrisons and banking giant HSBC will also be in the spotlight.

Avanti supports CLIC Sargent charity

Networking group getting Muddy and wiggy for young cancer patients

Nick and Kim Hoare from Ivy Grange Farm near Halesworth who run a glamping site with five yurts.
Photo: Nick Butcher

A glamping firm hoping to banish memories of sodden sleeping bags and leaking tents is catching the eye of campers after an upmarket break.

Most read

Great Days Out

cover

Click here to view
the Great Days Out
supplement

View

Most commented

HOT JOBS

Show Job Lists

Streetlife

Newsletter Sign Up

Great British Life

Great British Life
MyDate24 MyPhotos24