Shares digital

Tristel (TSTL:AIM) – Interims PTP: £0.4m (£0.4m) Divi: 0.39p (0.35p)

Results were slightly below analyst expectations after the Tristel Technologies subsidiary posted a 21% decline in turnover on the back of reduced purchases of its chlorine dioxide wash products from its largest food processing customer. Costs have since been reduced and sales are said to have stabilised. Meanwhile, it was a brighter outlook for the healthcare subsidiary, Tristel Solutions, which saw a 17.1% rise thanks to the introduction of new products.

Going forward, chief executive Paul Swinney, says the group will focus on more international expansion as well as concentrate on the market for general hospital disinfection. Tristel already has a high-level disinfectant for general hospital surfaces which, unlike alcohol-based disinfectants, is effective against Clostridium difficile, and it is in this area that Swinney sees the group’s future. House broker Daniel Stewart reiterates its 73p target price, against the current 43.5p.

Shares says: Solid results with good potential.

by: Rachel Robson