Tristel flags profit ahead of market expectations

(Sharecast News) - Tristel said on Wednesday that revenue increased 10% to £51.1m in the year ended 30 June, while adjusted profit before tax is expected to rise at least 14% to no less than £11.5m, slightly ahead of market expectations. The AIM-traded infection prevention products manufacturer said adjusted EBITDA margin remained comfortably above its 25% target, with the business continuing to generate cash and operate without debt.

Cash balances increased to £16.0m from £12.8m a year earlier, supporting continued international expansion.

Tristel said trading was in line with both market expectations and its internal performance targets, and said Chris Lee will join as chief executive on 1 August following another year of double-digit revenue growth.

At 1422 BST, shares in Tristel were up 0.39% at 386.5p.

Reporting by Josh White for Sharecast.com.

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