Despite an uncertain macro environment, Trifast (TRI) has delivered a positive trading update ahead of publication of the group's half-year results for the six months ended 30 September. The industrial fastener specialist "remains solidly on track" in terms of organic growth and capital investment, "despite widespread general economic concerns arising mainly from Brexit".
The integration of the Kuhlmann acquisition in Germany is progressing well, underlining continued strong performance in continental Europe; this region achieved double-digit organic growth over the last full-year period. The automotive sector is driving Trifast's performance in Sweden and Holland, and Hungary is now seeing increased activity within the electronics sector. Elsewhere, trading in Asia remains stable, and the UK has seen a return to growth as the domestic manufacturing sector has kicked back into gear.
