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RNS Number : 8499K

NWF Group PLC

10 May 2022

   For release 7.00am   10 May 2022

NWF Group plc

NWF Group plc: Trading update

NWF Group plc ('NWF' or 'the Group'), the specialist distributor of fuel, food and feed across the UK, today announces a further trading update for the current year ending 31 May 2022.

Further to the trading update of 31 March 2022, the Group continued to experience exceptional trading conditions in the Fuels business, with very significant short-term volatility in oil prices and a supply constrained UK fuel market. As a result, performance during the final quarter of the year, to date, has been materially stronger than anticipated with the full year result now likely to be significantly ahead of the Board's previously upgraded expectations.

Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014), as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018) ("MAR") prior to its release as part of this announcement and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

Information for investors, including analyst consensus forecasts, can be found on the Group's website at www.nwf.co.uk

 
 
  Richard Whiting, Chief      Reg Hoare /             Mike Bell / 
  Executive                   James Bavister          Ed Allsopp 
  Chris Belsham, Group        MHP Communications      Peel Hunt LLP (Nominated advisor) 
  Finance Director            Tel: 020 3128 8170      Tel: 020 7418 8900 
  NWF Group plc 
  Tel: 01829 260 260

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May 10, 2022 03:40 ET (07:40 GMT)

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