By Kyle Morris
Trifast PLC said Thursday that organic revenue rose around 15% at constant currency for fiscal 2022 and that the company expects to report performance for the year in line with the board’s expectations.
The U.K. maker and distributer of industrial fastenings said its fourth quarter of the year ending March 31 was strong, with high sales to distributors on strong underlying demand.
Supply chain challenges persist, and although lead times are stabilizing, they remain elevated, it said.
The company said it is well-placed for the medium term thanks to the fundamentals of the business model and strategy.
Shares in Trifast at 0831 GMT were down 4.00 pence, or 3.7%, at 103.00 pence.
Write to Kyle Morris at kyle.morris@dowjones.com
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