6 November 2024
(the
"Company" or the "Group")
CAPITAL
MARKETS DAY & MEDIUM-TERM FINANCIAL AMBITIONS
Nichols plc, the diversified soft
drinks Group, will today host its 2024
Capital Markets Day for investors and analysts at 2.00pm GMT in
London, providing further details on the
Group's growth strategy, including new medium-term
ambitions.
Nichols Management team will provide
an update on the execution of the Group's strategy, providing
insights into each business unit and the key growth drivers.
The Group's strategy aims to create shareholder value by
building a high-margin, highly cash-generative, diversified
business, leveraging the strength of the differentiated Vimto
brand.
In the medium term the Group's
ambition is to deliver:
·
Total revenues of
at least £225m, representing a +30%
versus FY24 consensus1
·
PBT margin
expansion to 20.0%, representing a
+250bps increase versus FY24 consensus1
·
Profit before
tax of at least £45 million,
representing +50% versus FY24 consensus1
The delivery of the strategy and
financial ambitions are underpinned by a strong balance sheet, and
a disciplined capital allocation framework focused on enhancing
shareholder value.
A recording of the presentations and
all materials will be available on the Nichols
plc website at https://www.nicholsplc.co.uk/investors
following the event.
Current trading
FY24 trading remains in line with
management expectations. No additional update on current
trading will be provided at today's event, with management
reiterating guidance for the current financial year ending 31
December 2024.
Andrew Milne, Chief Executive of Nichols,
said:
"At today's CMD, members of our management team will provide
further details on the Group's headroom for growth in the UK market
as well as the exciting opportunities to accelerate our
international business.
The delivery of our medium-term financial ambition for
creating shareholder value will be underpinned by our proven
approach to innovation, focus on growing distribution in existing
markets, expanding into new geographies, and investing in our
brands. We are very excited by and confident in the growth
opportunities that lie ahead."
1 Management believes FY24
analyst consensus is for Revenue of £172.6m, Adjusted PBT of £30.2m
and an Adjusted PBT margin of 17.5%.
Contacts:
|
Nichols plc
Andrew Milne, Chief Executive
Officer
Richard Newman, Chief Financial
Officer
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Telephone: 0192 522 2222
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Singer Capital Markets (NOMAD &
Broker)
Steve Pearce / Jen Boorer
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Telephone: 0207 496 3000
Website: www.singercm.com
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Hudson Sandler (Financial
PR)
Alex Brennan / Hattie Dreyfus /
Harry Griffiths
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Telephone: 0207 796 4133
Email: nichols@hudsonsandler.com
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Notes to Editors:
Nichols plc is an international
diversified soft drinks business with sales in over 60 countries.
The Group is home to the iconic Vimto brand which is popular in
the UK and around the world, particularly in
the Middle East and Africa. Other brands in its
portfolio include SLUSH PUPPiE, Starslush, ICEE, Levi Roots and
Sunkist.
For more information about Nichols,
visit: www.nicholsplc.co.uk
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