Nichols (NICL)

Sector:

Beverages

Index:

FTSE AIM 50

1,035.00p
   
  • Change Today:
      5.00p
  • 52 Week High: 1,480.00
  • 52 Week Low: 1,000.00
  • Currency: UK Pounds
  • Shares Issued: 36.48m
  • Volume: 9,607
  • Market Cap: £377.52m
  • RiskGrade: 263

Nichols flags strong growth, announces chair's retirement

By Josh White

Date: Wednesday 27 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Nichols said in a trading update on Wednesday that revenue for the March quarter continued to grow strongly, increasing 28.9% year-on-year to £39.6m, as its long-standing chairman announced his retirement.
The AIM-traded soft drinks maker, which was holding its annual general meeting later in the day, said the Vimto brand had outperformed the wider UK soft drinks market, achieving growth of 10.8% in value terms for the year-to-date, versus 9.8% value growth across the wider UK soft drinks market.

It said its out-of-home route-to-market was continuing to recover from the impact of the Covid-19 pandemic, and had seen significant growth of 1,387% year-on-year given the lockdown restrictions through the first quarter of 2021.

The group's international business had a slower start to 2022 than in the prior year , down 16%, as shipment timings were "severely impacted" towards the end of the quarter by national driver industrial action in Spain due to rising fuel prices, which caused disruption to shipping timetables.

Nichols said the action had now ended, and the group's international shipments had resumed.

Cash and cash equivalents at the end of the quarter totalled £48.3m, down from the £56.7m it recorded at the end of 2021, following completion of its treasury share buyback programme.

"As expected, the group continues to experience significant inflationary pressure, but has plans in place to mitigate these in line with forecasts," the board said in its statement.

"The group's adjusted profit before tax expectations for 2023 therefore remain unchanged."

Additionally, after more than 50 years with the group and 15 years as non-executive chairman, the board said John Nichols intended to retire once a suitable replacement was appointed.

"The board's nomination committee has commenced a formal process to recruit his successor, and will ensure in that process the board retains the skills and experience necessary to support the ongoing delivery of the group's strategy," the directors said.

At 0906 BST, shares in Nichols were up 0.48% at 1,376.62p.

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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 1,035.00p
Change Today 5.00p
% Change 0.49 %
52 Week High 1,480.00
52 Week Low 1,000.00
Volume 9,607
Shares Issued 36.48m
Market Cap £377.52m
RiskGrade 263

Nichols Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
27.37% below the market average27.37% below the market average27.37% below the market average27.37% below the market average27.37% below the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average
Price Trend
44.5% below the market average44.5% below the market average44.5% below the market average44.5% below the market average44.5% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Income
90.57% below the market average90.57% below the market average90.57% below the market average90.57% below the market average90.57% below the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Growth
83.39% below the market average83.39% below the market average83.39% below the market average83.39% below the market average83.39% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 3
Sell 0
Strong Sell 0
Total 4
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Nichols Dividends

  Latest Previous
  Interim Final
Ex-Div 04-Aug-22 24-Mar-22
Paid 09-Sep-22 05-May-22
Amount 12.40p 13.30p

Trades for 01-Feb-2023

Time Volume / Share Price
16:38 1,000 @ 1,031.16p
16:29 7 @ 1,000.00p
16:13 17 @ 1,000.00p
16:13 300 @ 1,010.00p
16:13 53 @ 1,015.00p

Nichols Key Personnel

CEO Andrew Milne
CFO David Rattigan

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