Nichols (NICL)

Sector:

Beverages

Index:

FTSE AIM 50

982.00p
   
  • Change Today:
    -23.00p
  • 52 Week High: 1,200.00
  • 52 Week Low: 882.00
  • Currency: UK Pounds
  • Shares Issued: 36.97m
  • Volume: 1,843
  • Market Cap: £363.03m
  • RiskGrade: 263

Nichols' out-of-home sales decline offsets Vimto outperformance

By Iain Gilbert

Date: Thursday 19 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Soft drinks group Nichols said on Thursday that the continued outperformance of its Vimto brand had been offset by an anticipated decline in out-of-home sales as a result of Covid-19.
For the nine months ended 30 September, Nichols said that total group revenue had decreased by 16.5% year-on-year to £91.7m, despite seeing Vimto achieve growth of 5.8% in value terms across the UK during the period.

Across Nichols' international markets, strong momentum reported in its interim results continued, particularly in Africa, where revenues had increased by 10.5% year-to-date.

The AIM-listed group stated trading since the half had remained "very challenging" in the out-of-home route-to-market, with third-quarter revenues slumping 45.2% as multiple customers' outlets remained closed or operated with significantly reduced footfall.

Looking forward, Nichols stated that given the ongoing uncertainty regarding the Covid-19 pandemic, it was not willing to provide financial guidance for the 2021 trading year. However, Nichols did note that it currently expects 2020 adjusted pre-tax profits to be between £11.0m and £13.0m.

Chairman John Nichols said: "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 and the group's diversified business model, remains well placed to deliver its long-term strategic ambitions."

As of 0850 GMT, Nichols shares were down 3.33% at 1,160.09p.

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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 982.00p
Change Today -23.00p
% Change -2.29 %
52 Week High 1,200.00
52 Week Low 882.00
Volume 1,843
Shares Issued 36.97m
Market Cap £363.03m
RiskGrade 263

Nichols Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.37% below the market average92.37% below the market average92.37% below the market average92.37% below the market average92.37% 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
Price Trend
33.1% below the market average33.1% below the market average33.1% below the market average33.1% below the market average33.1% below the market average
Sector averageSector averageSector averageSector averageSector average
Income
15.01% below the market average15.01% below the market average15.01% below the market average15.01% below the market average15.01% 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
Growth
27.57% above the market average27.57% above the market average27.57% above the market average27.57% above the market average27.57% above the market average
11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector 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 17-Jun-2024

Time Volume / Share Price
10:52 495 @ 1,007.40p
10:51 92 @ 982.00p
10:51 202 @ 982.00p
10:46 301 @ 1,008.40p
10:46 320 @ 991.22p

Nichols Key Personnel

CEO Andrew Milne

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