Nichols (NICL)

Sector:

Beverages

Index:

FTSE AIM 50

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

Nichols returns to profit as revenues jump

By Abigail Townsend

Date: Wednesday 01 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Nichols swung back into the black last year, the soft drinks specialist said on Wednesday, despite mounting inflationary pressures.
Revenues for the year to 31 December were £164.9m, a 14% improvement on 2021. Within that, the owner of Vimto, Feel Good and Sunkist, among others, said UK revenues had strengthened 14% to £127m and international sales had increased 16% at £38m.

Adjusted pre-tax profits rose nearly 15% to £25m, while pre-tax profits were £13.8m, compared to a pre-tax loss of £17.7m a year previously, when Nichols took an exceptional charge against its out-of-home business.

John Nichols, chair, said: "Vimto continues to perform well both in the UK and internationally. Despite ongoing inflationary pressures, which accelerated during the second half, the brand ensured a robust financial performance for the group.

"With a long-term track record of growth, a proven and diversified strategy in the UK and internationally, a quality range of brands and a strong balance sheet, the board remains highly confident that the group is well-positioned to deliver on its long-term growth plans."

Looking to the current year, the AIM-listed firm acknowledged it would likely be "challenging", with the cost of living hitting consumer demand. Adjusted pre-tax profits are forecast to be in line with both 2022 and market expectations.

It expects to make "significant progress" in 2024, however, as inflationary pressures ease.

As at 0900 GMT, shares in Nichols were ahead 4% at 1,036.85p.

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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 1,200.00p
52 Week Low 882.00p
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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