12th Apr 2022 14:23
Supreme PLC - Manchester-based battery and lighting distributor - Expects to report revenue "in excess" of GBP130 million for the year ended March 31, up 6.6% versus GBP122 million the year prior. Anticipates adjusted earnings before interest, taxes, depreciation, and amortization to be "no less" than GBP21 million, up 8.8% from GBP19.3 million. Says its vaping unit is expected to report 10% revenue growth. Expects its Batteries and Lighting units to report growth in revenue of around 2% and 5%. Notes Sports Nutrition & Wellness unit sees revenue more than double. Expects profitable growth in financial 2023, but warns that performance will be "tempered" by commodity price inflation within its Sports Nutrition & Wellness business, and increases in its overhead base relating to wage and transport costs. Will publish annual results for financial 2022 in July.
Current stock price: 157.26 pence, down 17% on Tuesday
12-month change: down 17%
By Abby Amoakuh; [email protected]
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