TI Fluid Systems (TIFS)

Index:

FTSE 250

198.20p
   
  • Change Today:
      6.00p
  • 52 Week High: 267.80
  • 52 Week Low: 155.20
  • Currency: UK Pounds
  • Shares Issued: 520.27m
  • Volume: 171,972
  • Market Cap: £1,031.17m
  • Beta: 0.02

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TI Fluid Systems' revenues slip as North American operations falter

By Iain Gilbert

Date: Wednesday 15 May 2019

LONDON (ShareCast) - (Sharecast News) - British manufacturer TI Fluid Systems saw group revenues fall back in the first quarter of its trading year, mainly due to the underperformance of its North American operations.
TI Fluid turned in group revenues of €849.8m in the first quarter, despite a soft light vehicle production environment, which declined 6.7%.

On a constant currency basis, revenues decreased 4.8% year-on-year and by 2.2% on an as reported basis.

In Europe and Africa, sales slipped 2.1% at constant currency and, in its Asia Pacific unit, revenues decreased slightly, by 1.9% at constant currency.

Most importantly, in North America, revenues decreased by 11.6% at constant currency or 9.1% below light vehicle production volume in that region, primarily due to lower launch activity.

Despite the revenue decline, the FTSE 250 resident kept its 2019 outlook unchanged.

Analysts at Peel Hunt praised TI fluid for its continued outperformance, saying the group had produced a "solid first performance" against a tough market backdrop.

Peel Hunt also reiterated its 'buy' rating and 380p target price for TI Fluid.

As of 1000 BST, TI Fluid shares dipped 1.52% to 195p.

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TIFS Market Data

Currency UK Pounds
Share Price 198.20p
Change Today 6.00p
% Change 3.12 %
52 Week High 267.80
52 Week Low 155.20
Volume 171,972
Shares Issued 520.27m
Market Cap £1,031.17m
Beta 0.02

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What The Brokers Say

Strong Buy 7
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 7
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TIFS Dividends

  Latest Previous
  Interim Final
Ex-Div 15-Aug-19 25-Apr-19
Paid 27-Sep-19 31-May-19
Amount 3.02¢ 5.94¢

Trades for 19-Sep-2019

Time Volume / Share Price
16:41 1,000 @ 196.99p
16:41 1,000 @ 196.99p
16:41 1,000 @ 197.08p
16:41 1,000 @ 197.08p
16:35 117,733 @ 198.20p

TIFS Key Personnel

CFO Timothy Knutson

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