IN BRIEF: NWF Group trading slightly ahead of expectations
NWF Group PLC - Cheshire, England-based fuel, food and feed distributor - provides trading update for the financial year ended May. Says the group has traded slightly ahead of expectations during the year, albeit with a different contribution mix from its three businesses than initially anticipated. Financial 2025 headline operating profit is anticipated to be slightly ahead of market expectations of GBP16.0 million, which would be up from GBP14.2 million a year prior. NWF benefits from lower short-term IFRS16 interest costs reflecting slight delays to fleet renewals. Says the trading performance was delivered in spite of the ongoing impact on the group's cost base of the increase in national insurance and the national living wage. Volumes in Fuels were in line with prior year but Food has had a disappointing year generating lower profitability than planned. More positively, volumes in Feeds are ahead of the prior year with the stronger milk price encouraging customers to maximise yields, resulting in an overall performance ahead of expectations. Continues to consider further acquisition opportunities for Fuels supported by a robust financial position. Read More