REG - Nichols PLC - Capital Markets Day & Medium-Term Ambitions

NicholsAnnouncement

06/11/2024 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241106:nRSF0753La&default-theme=true

RNS Number : 0753L  Nichols PLC  06 November 2024

6 November 2024

(the "Company" or the "Group")

CAPITAL MARKETS DAY & MEDIUM-TERM FINANCIAL AMBITIONS

Nichols plc, the diversified soft drinks Group, will today host its 2024
Capital Markets Day for investors and analysts at 2.00pm GMT in London,
providing further details on the Group's growth strategy, including new
medium-term ambitions.

Nichols Management team will provide an update on the execution of the Group's
strategy, providing insights into each business unit and the key growth
drivers.  The Group's strategy aims to create shareholder value by building a
high-margin, highly cash-generative, diversified business, leveraging the
strength of the differentiated Vimto brand.

In the medium term the Group's ambition is to deliver:

·      Total revenues of at least £225m, representing a +30% versus FY24
consensus(1)

·      PBT margin expansion to 20.0%, representing a +250bps increase
versus FY24 consensus(1)

·      Profit before tax of at least £45 million, representing +50%
versus FY24 consensus(1)

The delivery of the strategy and financial ambitions are underpinned by a
strong balance sheet, and a disciplined capital allocation framework focused
on enhancing shareholder value.

A recording of the presentations and all materials will be available on
the Nichols plc website at https://www.nicholsplc.co.uk/investors
(https://www.nicholsplc.co.uk/investors) following the event.

Current trading

FY24 trading remains in line with management expectations.  No additional
update on current trading will be provided at today's event, with management
reiterating guidance for the current financial year ending 31 December 2024.

Andrew Milne, Chief Executive of Nichols, said:

"At today's CMD, members of our management team will provide further details
on the Group's headroom for growth in the UK market as well as the exciting
opportunities to accelerate our international business.

The delivery of our medium-term financial ambition for creating shareholder
value will be underpinned by our proven approach to innovation, focus on
growing distribution in existing markets, expanding into new geographies, and
investing in our brands.  We are very excited by and confident in the growth
opportunities that lie ahead."

 

(1) Management believes FY24 analyst consensus is for Revenue of £172.6m,
Adjusted PBT of £30.2m and an Adjusted PBT margin of 17.5%.

 

 

Contacts:

 Nichols plc                                       Telephone: 0192 522 2222

 Andrew Milne, Chief Executive Officer

 Richard Newman, Chief Financial Officer

 Singer Capital Markets (NOMAD & Broker)           Telephone: 0207 496 3000

 Steve Pearce / Jen Boorer                         Website: www.singercm.com (http://www.singercm.com/)

 Hudson Sandler (Financial PR)                     Telephone: 0207 796 4133

 Alex Brennan / Hattie Dreyfus / Harry Griffiths   Email: nichols@hudsonsandler.com (mailto:nichols@hudsonsandler.com)

 

 Notes to Editors:

 Nichols plc is an international diversified soft drinks business with sales in
 over 60 countries. The Group is home to the iconic Vimto brand which is
 popular in the UK and around the world, particularly in the Middle
 East and Africa. Other brands in its portfolio include SLUSH PUPPiE,
 Starslush, ICEE, Levi Roots and Sunkist.

 For more information about Nichols, visit: www.nicholsplc.co.uk
 (http://www.nicholsplc.co.uk/)

 

 Notes to Editors:

 Nichols plc is an international diversified soft drinks business with sales in
 over 60 countries. The Group is home to the iconic Vimto brand which is
 popular in the UK and around the world, particularly in the Middle
 East and Africa. Other brands in its portfolio include SLUSH PUPPiE,
 Starslush, ICEE, Levi Roots and Sunkist.

 For more information about Nichols, visit: www.nicholsplc.co.uk
 (http://www.nicholsplc.co.uk/)

 

Notes to Editors:

Nichols plc is an international diversified soft drinks business with sales in
over 60 countries. The Group is home to the iconic Vimto brand which is
popular in the UK and around the world, particularly in the Middle
East and Africa. Other brands in its portfolio include SLUSH PUPPiE,
Starslush, ICEE, Levi Roots and Sunkist.

For more information about Nichols, visit: www.nicholsplc.co.uk
(http://www.nicholsplc.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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDFLFSALSLEIIS