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Nichols (NICL)

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Nichols records double-digit profit growth on solid UK performance

27 Feb 19

LONDON (ShareCast) - (Sharecast News) - Soft drinks maker Nichols turned in double-digit profit growth in 2018, boosted by a solid showing from its fruit-flavoured cordial Vimto.
Pretax profits came to £31.8m, up 11% year-on-year, while revenues grew 7% to £142m.

Nichols saw UK sales increase 13% to £114.6m, driven by the strength of the Vimto brand, now in its 110th year.

International sales declined 12% to £27.4m as sales in the Middle East were down as a result of ongoing conflicts in Yemen and the timing of shipments to Saudi Arabia.

Nichols recorded earnings per share of 69.23p, a 10.1% improvement on the prior year, and declared a full-year dividend of 26.8p per share - up 14.5% year-on-year.

Looking forward, the AIM-listed outfit expects its UK business to extend its strong performance into 2019.

Chairman John Nichols said: "As a result of the group's diversified business model, strong portfolio of brands and successful track record, the board remains confident of delivering continued profitable growth."

As of 1050 GMT, Nichols shares had climbed 4.04% to 1,597p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.


Market Data

Currency UK Pounds
Price 1,757.50p
Change Today -22.50p
52 Week High 1,880.00p
52 Week Low 1,240.00p
Volume 2,450
Shares Issued 36.88m
Market Cap 648.23m


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