Nichols (NICL)

Sector:

Beverages

Index:

FTSE AIM 50

968.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 1,200.00
  • 52 Week Low: 882.00
  • Currency: UK Pounds
  • Shares Issued: 36.97m
  • Volume: 34,272
  • Market Cap: £357.86m
  • RiskGrade: 263

Vimto brand underpins 2020 performance for Nichols

By Josh White

Date: Tuesday 12 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Soft drinks company Nichols updated the market on its trading for 2020 on Tuesday, reporting that during the year, its Vimto brand achieved "strong growth" in the UK, while its International business performed well.
The AIM-traded firm did say, however, that its progress was offset by declines in iits UK out-of-home route to market, as a result of the coronavirus pandemic.

In line with its expectations, total group revenue in the period decreased 19.3% to £118.7m compared to the prior year.

The group said it was expecting to report adjusted profit before tax for 2020 in line with its previous guidance.

As it had expected, Nichols said trading in the fourth quarter remained "very challenging" in the out-of-home route to market.

Fourth quarter out-of-home revenues were 84% lower than in the same period of 2019, as large areas of the UK entered tier 3 and 4 restrictions, resulting in the closure of outlets.

Cash generation remained "strong" through 2020, the board noted, adding that despite the financial challenges posed by the ongoing pandemic, cash and cash equivalents at the end of the year totalled £47.3m, compared to £40.9m at the end of 2019.

"Whilst recognising the current and near-term impact of the pandemic on the soft drinks market, the Board continues to believe that Nichols, underpinned by the strength of the Vimto brand, the group's diversified business model and the robust balance sheet, remains well placed to deliver its long-term strategic ambitions," the Nichols board said in its statement.

Nichols said it would publish its 2020 preliminary results on 3 March.

At 1517 GMT, shares in Nichols were down 2.04% at 1,200p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Nichols Market Data

Currency UK Pounds
Share Price 968.00p
Change Today 2.00p
% Change 0.21 %
52 Week High 1,200.00
52 Week Low 882.00
Volume 34,272
Shares Issued 36.97m
Market Cap £357.86m
RiskGrade 263

Nichols Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.52% below the market average93.52% below the market average93.52% below the market average93.52% below the market average93.52% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Price Trend
28.57% below the market average28.57% below the market average28.57% below the market average28.57% below the market average28.57% below the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average
Income
18.54% below the market average18.54% below the market average18.54% below the market average18.54% below the market average18.54% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
14.81% above the market average14.81% above the market average14.81% above the market average14.81% above the market average14.81% above the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 0
Buy 3
Neutral 3
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Nichols Dividends

  Latest Previous
  Final Interim
Ex-Div 21-Mar-24 03-Aug-23
Paid 02-May-24 08-Sep-23
Amount 15.60p 12.60p

Trades for 28-Mar-2024

Time Volume / Share Price
16:44 9,822 @ 966.73p
16:35 2,649 @ 968.00p
16:35 456 @ 968.00p
16:35 24 @ 968.00p
16:35 103 @ 968.00p

Nichols Key Personnel

CEO Andrew Milne

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