17th Sep 2026 11:09
(Alliance News) - Supreme PLC on Thursday said it expects to report financial 2027 results in line with consensus, in light of a "strong" performance in its latest year.
The Manchester, England-based consumer products distributor released the trading update ahead of its annual general meeting.
Supreme said that in light of its "solid start" to the year ending March 31, 2027, it expects trading for the period "to be in line with market expectations".
The company cited analyst market consensus forecast revenue of GBP302.1 million and adjusted Ebitda of GBP39.6 million.
Looking back on its latest annual results, released in July, Supreme described the 12 months that ended March 31 as "a strong year of profitable growth".
Revenue rose 17% to "a record" of GBP270.2 million from GBP231.1 million the previous year, while adjusted earnings before interest, tax, depreciation and amortisation edged up to GBP40.6 million from GBP40.5 million, "broadly in line with analyst consensus". Adjusted Ebitda is Supreme's operating profit before depreciation, amortisation, share-based payments charge, fair value movements on non-hedge accounted derivatives and exceptional items.
Supreme noted that it has invested "almost GBP5 million in its brands during the year to date to support future growth".
"We have begun trading in FY27 with good momentum, and I am encouraged by the group's performance across our divisions," commented Chief Executive Officer Sandy Chadha. "Having grown the business substantially over the past few years, driven by a number of high-profile acquisitions and organic investment, we are now firmly focused on building on the group's strong platform for growth."
In particular, Supreme said it remains well positioned to deliver organic growth and resilience in the vaping market, and believes it is "fully prepared" for the new duty of 22 pence per millilitre on vaping liquid products in the UK.
Supreme, which also sells batteries, soft drinks and lighting, sports nutrition and wellness products, said it supports the UK government's goal of "creating a more regulated and compliant vaping market".
Chadha said that "we remain confident that our 88Vape brand...will continue to resonate with both existing and new consumers, as the new pricing regime takes effect across the market.
"Having created an established manufacturing and compliance capability, our scale, brand positioning and value-led offering leave us well placed to successfully navigate the evolving vape marketplace," the CEO said.
Supreme shares gained 1.4% at the market open, but were down 0.7% at 140.00p late on Thursday morning in London.
By Emma Curzon, Alliance News reporter
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