TIDMSUP
RNS Number : 4492Q
Supreme PLC
18 October 2023
18 October 2023
Supreme plc
("Supreme," the "Company" or the "Group")
Trading Statement
and
Notice of Results & Investor Presentation
Strong trading across all divisions for H1 2024 and record
revenue and profit growth for the Group
Supreme (AIM: SUP), a leading manufacturer, supplier, and brand
owner of fast-moving consumer products, provides a trading update
for the six months ended 30 September 2023 ("H1 2024" or the
"Period").
The Board is delighted with the Group's performance across the
Period, with trading in line with the Group's expectations(1) for
the year ending 31 March 2024, which were significantly upgraded on
26 September 2023 to revenue of around GBP195 - GBP205 million and
Adjusted EBITDA (1) of approximately GBP28 - 30 to million .
The Group expects to report a record performance for the Period,
with revenues in excess of GBP100 million (H1 2023: GBP67.6
million) and Adjusted EBITDA(2) of no less than GBP15 million (H1
2023: GBP8.1 million).
The Elf distribution opportunity has exceeded initial
expectations (3) and contributed to around half of the reported
revenue and gross profit growth in the Period. The remainder has
come from the Group's four other categories that have, without
exception, all reported strong revenue and gross profit growth.
Separately, the Group has today announced a series of proactive
measures relating to the packaging, flavouring, recycling and point
of sale checks within its vaping category, which management
believes should be adopted across the sector. A copy of the
announcement is available at:
https://investors.supreme.co.uk/regulatory-announcements/ .
Notice of Results & Investor Presentation
Supreme will report its interim results for H1 2024 on Tuesday,
28 November 2023.
Management will be hosting a presentation for investors in
relation to the Company's results on Tuesday, 28 November 2023 at
2pm BST.
-- The online presentation is open to all existing and potential shareholders.
-- Questions can be submitted during the presentation and will be addressed at the end.
-- To register for the event, please go to https://www.equitydevelopment.co.uk/news-and-events/supreme-investor-presentation-28november2023
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014 which is part of UK law by virtue of
the European Union (withdrawal) Act 2018. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
(1) Company compiled analyst Adjusted EBITDA(2) consensus for
the year ending 31 March 2024 prior to release of this announcement
was GBP29 million.
(2) Adjusted EBITDA means operating profit before depreciation,
amortisation, share-based payments charge, fair value movements on
non-hedge accounted derivatives and exceptional items.
(3) Current guidance for the Elf opportunity is around GBP40
million of revenue and around GBP4 million of Adjusted EBITDA(2)
.
Enquiries:
Supreme plc via Vigo Consulting
Sandy Chadha, Chief Executive Officer
Suzanne Smith, Chief Finance Officer
Grant Thornton UK LLP (Nominated Adviser)
Samantha Harrison / Harrison Clarke / Samuel
Littler +44 (0)20 7383 5100
Berenberg (Broker)
Mark Whitmore / Marie Moy / Mara Grasso +44 (0)20 3207 7800
Vigo Consulting (Financial Public Relations)
Jeremy Garcia / Kendall Hill
supreme@vigoconsulting.com +44 (0)20 7390 0230
About Supreme
Supreme supplies products across five key categories; batteries,
lighting, vaping, sports nutrition & wellness, and branded
household consumer goods. The Company's capabilities span from
product development and manufacturing through to its extensive
retail distribution network and direct to consumer capabilities.
This vertically integrated platform provides an excellent route to
market for well-known brands and products.
The Group has over 3,300 active business accounts with retail
customers who manage over 10,000 branded retail outlets. Customers
include B&M, Home Bargains, Poundland, Tesco, Sainsburys,
Morrisons, Amazon, The Range, Costcutter, Asda, Halfords, Iceland
and HM Prison & Probation Service.
In addition to distributing globally-recognised brands such as
Duracell, Energizer and Panasonic, and supplying lighting products
exclusively under the Energizer, Eveready, Black & Decker and
JCB licences across 45 countries, Supreme has also developed brands
in-house, most notably 88Vape and has a growing footprint in Sports
Nutrition and Wellness via its principal brands Sci-MX and Battle
Bites.
investors.supreme.co.uk/
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
TSTEAFEXFFPDFAA
(END) Dow Jones Newswires
October 18, 2023 02:00 ET (06:00 GMT)
Supreme (LSE:SUP)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Supreme (LSE:SUP)
Gráfica de Acción Histórica
De May 2023 a May 2024