Trinity beats City forecasts

Results for Trinity Holdings, which suffered losses and lower sales in a bus joint venture in Malaysia, came in above revised City forecasts for the year at £17.4m, a 9% increase on last year. Trinity, whose products range from fire engines to dock-handling equipment, expected a better performance from the UMW-Dennis venture in Malaysia. Overseas […]

Results for Trinity Holdings, which suffered losses and lower sales in a bus joint venture in Malaysia, came in above revised City forecasts for the year at £17.4m, a 9% increase on last year.

Trinity, whose products range from fire engines to dock-handling equipment, expected a better performance from the UMW-Dennis venture in Malaysia.

Overseas business was generally up, but sales in France and Germany will be slower than expected.

Fire-fighting product sales were hit by cuts in fire authorities’ budgets with sales a record low at 30% down on the year before.

Overall, the group had a record order book, net cash of £8.2m and no debt.

Broker Albert E Sharp believes shares will outperform the market this year.