NWF Group PLC Trading Update and Notice of Results (1522K)
12 Diciembre 2018 - 1:00AM
UK Regulatory
TIDMNWF
RNS Number : 1522K
NWF Group PLC
12 December 2018
NWF Group plc
For release 7.00 a.m. 12 December 2018
NWF Group plc
NWF Group plc: Trading Update and Notice of Results
NWF Group plc ('NWF' or the Group), the specialist distributor
of fuel, food and feed across the UK, today announces a trading
update for the half year ended 30 November 2018 and its notice of
results date.
Trading update
The Group expects that overall trading for the half year will be
ahead of prior year and the Board remains confident of delivering
its full year expectations. Net debt was also lower than at 30
November 2017.
Fuels:
-- There was some impact over the warm summer months with
reduced demand for heating oil and strong competition for diesel
and gas oil. In the autumn months the business performed as
anticipated.
-- In line with our strategy we are also pleased to announce the
acquisition of Midland Fuel Oil Supplies Limited, a small 12
million litre fuel distributor based in Solihull, on 1 December
2018. The acquisition consolidates our market position to the South
and East of Birmingham.
Food:
-- The Wardle site has remained full throughout the period as a
consequence of new business won in the prior 12 months. It
continues to see success in winning new business.
Feeds:
-- Demand was strong over the summer months as grazing was
limited due to the very dry spell, which led to higher feed rates
across the country. The business continues to benefit from
investment made in prior years. The business has performed as
expected during the autumn months.
Notice of results
NWF will announce its half year results for the six months ended
30 November 2018 on Tuesday 29 January 2019.
A meeting will be held for analysts at 9.30 a.m. on the day of
the results announcement at MHP Communications, 6 Agar Street,
London, WC2N 4HN.
Information for investors, including analyst consensus
forecasts, can be found on the Group's website at www.nwf.co.uk
Richard Whiting, Chief Reg Hoare / Justin Jones /
Executive Patrick Hanrahan Mike Bell
Chris Belsham, Finance MHP Communications Peel Hunt LLP (Nominated adviser)
Director Tel: 020 3128 Tel:0 020 7418 8900
NWF Group plc 8100
Tel: 01829 260 260
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END
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