Trading Update and Notice of Results

RNS Number : 7793D

Supreme PLC

24 October 2022

 

24 October 2022

Supreme plc

("Supreme," the "Company" or the "Group")

Trading Update

&

Notice of Results & Investor Presentation

Supreme (AIM:SUP), a leading manufacturer, supplier, and brand owner of fast-moving consumer products, provides a trading update for the six months ended 30 September 2022.

The Board is pleased with the Group's performance across the period, with trading in line with expectations for the year ended 31 March 2023.

The Group's Vaping division, a significant profit driver for the Group, has continued its strong growth trajectory across the period, driven by a combination of both organic and recent acquisitive momentum. 

As previously flagged, the Lighting category slowed down during the period in line with the slow down across the market. The early indications of recovery evidenced in retail sales across September and October reaffirm the temporary nature of this slow down.

The remainder of the Group remains profitable, resilient and highly cash generative.

The Board remains positive about the Group's future growth prospects, with Supreme focusing on delivering organic growth whilst fully integrating its recent Vaping acquisitions. Supreme has both the strong operational foundations and a clearly defined growth strategy in place to further increase its retail footprint across the Group's leading categories and continue to capitalise on the fast-growing transition from tobacco to vaping.

Notice of Results & Investor Presentation

Supreme will report its interim results for the six months to 30 September 2022 on Tuesday, 29 November 2022.

Management will be hosting a presentation for investors in relation to the Company's results on Tuesday, 29 November 2022 at 3pm BST.

The online presentation is open to all existing and potential shareholders.

Questions can be submitted during the presentation and will be addressed at the end.

To register for the event, please go to:

https://www.equitydevelopment.co.uk/news-and-events/supreme-investor-presentation-29nov2022

Enquiries:

Supreme plc Sandy Chadha, Chief Executive Officer Suzanne Smith, Chief Finance Officer	via Vigo Consulting
Grant Thornton UK LLP (Nominated Adviser) Samantha Harrison / Harrison Clarke / Daphne Zhang / Samuel Littler	[phone]
Berenberg (B roker ) Chris Bowman / Mark Whitmore / Mara Grasso	[phone]
Vigo Consulting (Financial Public Relations) Jeremy Garcia / Kendall Hill [e-mail]	[phone]

About Supreme

Supreme supplies products across five key categories; batteries, lighting, vaping, sports nutrition & wellness, and branded household consumer goods. The Company's capabilities span from product development and manufacturing through to its extensive retail distribution network and direct to consumer capabilities. This vertically integrated platform provides an excellent route to market for well-known brands and products.

The Group has over 3,300 active business accounts with retail customers who manage over 10,000 branded retail outlets. Customers include B&M, Home Bargains, Poundland, The Range, Sports Direct, Londis, SPAR, Costcutter, Asda, Halfords, Iceland and HM Prison & Probation Service.  

In addition to distributing globally-recognised brands such as Duracell, Energizer and Panasonic, and supplying lighting products exclusively under the Energizer, Eveready and JCB licences across 45 countries, Supreme has also developed brands in-house, most notably 88Vape and has a growing footprint in Sports Nutrition and Wellness.

https://investors.supreme.co.uk/

 

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