Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Tristel ups dividend as first-half profits jump
(Sharecast News) - Disinfectants manufacturer Tristel raised its interim dividend by 8% after a double-digit increase in profits in its first half, though sales growth in the UK has slowed dramatically. The company, whose products contain proprietary chlorine dioxide technology, reported an adjusted pre-tax profit of £4.9m for the six months to 31 December, up 19% on the year before. The adjusted pre-tax profit margin improved to 21% from 20%.
Revenues were 8% higher at £22.6m, with UK sales up 7% at £8.8m and overseas sales rising 9% to £13.8m.
Following a 31% surge in UK sales in the last financial year ended 30 June 2024, chief executive Matt Sassone said Tristel's largest market "has now returned to a more typical trading pattern" following an exceptional performance.
Nevertheless, Sassone labelled the first half as a "strong financial performance" for the company, "driven by higher first-half revenues, maintained gross margin, and disciplined cost control".
"As outlined in our AGM statement, we remain on track to meet our internal revenue growth target of 10-15% CAGR over the three years to 30 June 2025," he said.
Tristel declared an interim dividend of 5.68p per share, up from 5.24p paid out last year.
Shares were down 2% at 340p in afternoon trade, extending the year-to-date loss to 20%.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
