Trading Statement

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 Executive Chris Belsham, Group Finance Director NWF Group plc Tel: [phone]

Reg Hoare / James Bavister MHP Communications Tel: [phone]

Mike Bell / Ed Allsopp Peel Hunt LLP (Nominated advisor) Tel: [phone]

 

END

 

 

TSTALMFTMTAMBBT