Supreme PLC Trading Update & Notice of Results (3552P)
18 Octubre 2021 - 1:07AM
UK Regulatory
TIDMSUP
RNS Number : 3552P
Supreme PLC
18 October 2021
18 October 2021
Supreme plc
("Supreme," the "Company" or the "Group")
Trading Update
&
Notice of Results
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 2021.
The Board is pleased with the strong performance of the Group in
the first half of the financial year and remains confident in
achieving expectations for the full year. Positive momentum in the
Vaping division has continued alongside particularly strong growth
in the Sports Nutrition and Wellness category. Lighting has
benefitted from some brought forward sales in addition to the
expected organic growth and Batteries continues to be a defensive
and predictable profit contributor for the Group.
As manufacturing in Supreme's key vaping and sports nutrition
categories is in-house, the Group has been relatively unaffected by
global supply chain issues affecting other areas of the economy. In
addition, active management in the Group's Batteries and Lighting
divisions has also largely insulated Supreme from these issues.
Management remain cognisant of supply chain and labour constraints
but are confident of being able to manage these risks in-line with
the growth the Group is delivering.
Integration of Sci-Mx and Vendek was completed in the period and
both are progressing well and management remain confident in the
prospects for these businesses.
Overall, group margins have been particularly strong with
significant year-on-year growth in profitability. Whilst it is too
early to draw conclusions about the full year, the Board is pleased
with the performance of the Group and looks ahead with
confidence.
Supreme will report its interim results for the six months to 30
September on Tuesday, 7 December 2021.
Enquiries:
Supreme plc via Vigo Consulting
Sandy Chadha, Chief Executive Officer
Suzanne Smith, Chief Finance Officer
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett / Samantha Harrison / Harrison
Clarke +44 (0)20 7383 5100
Berenberg (B roker )
Chris Bowman / Mark Whitmore / Jen Clarke +44 (0)20 3207 7800
Vigo Consulting (Financial Public Relations)
Jeremy Garcia / Antonia Pollock
supreme@vigoconsulting.com +44 (0)20 7390 0230
The information contained within this announcement is deemed to
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in the public domain.
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, The Range, Sports
Direct, Londis, SPAR, 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 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.
https://investors.supreme.co.uk/
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END
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