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Annual Report 2016

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Strategic report

Read the Strategic report that addresses progress, outcomes and performance against our specific strategic goals and objectives.

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Financial highlights

In FY2015, our business delivered its strongest trading performance ever. In FY2016, we have built on that success story by going on to achieve profitable top line growth of 6.8% and Actual Exchange Rate ('AER') revenues of £161.4m.

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Operating globally across multiple sectors

With our geographical spread, our balanced sector mix and our clear strategies for growth, the Board remains optimistic about the Group's prospects.

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The Trifast culture

It’s all about our people — their ‘can do’ attitude, focus and determination to exceed expectation.

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Strategy

Our core business is supplying high volume assembly multinational OEMs around the world with components.

Focus on multinational OEMS

CORE STRATEGY:

Focus on multinational OEMs

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Strategy

To continue to grow requires ongoing investment in to the business.

Investment driven growth

Investment driven growth

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Strategy

Our application engineering teams help to differentiate us by bringing fastener solutions to life for our customers.

Continue to add value

Continue to add value and differentiate

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Strategy

Maximise the opportunities available to us in what is a very fragmented industry, with no one player having more than 5% of the market share.

Acquisitions

Acquisitions

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Strategy

Our consistent ability to improve margins and generate cash allows us to plan ahead with confidence on future proofing our business resources.

Operational efficiencies

Operational efficiencies

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Strategy

TR is a people business with over 1,100 people working together to support each other's development and underpinning the Group's positive momentum.

Investing in people

Investing in people

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