Trading Update & Notice of Results

RNS Number : 3552P

Supreme PLC

18 October 2021

 

18 October 2021

Supreme plc

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

Trading Update

&

Notice of Results

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 2021.

The Board is pleased with the strong performance of the Group in the first half of the financial year and remains confident in achieving expectations for the full year. Positive momentum in the Vaping division has continued alongside particularly strong growth in the Sports Nutrition and Wellness category. Lighting has benefitted from some brought forward sales in addition to the expected organic growth and Batteries continues to be a defensive and predictable profit contributor for the Group.

As manufacturing in Supreme's key vaping and sports nutrition categories is in-house, the Group has been relatively unaffected by global supply chain issues affecting other areas of the economy. In addition, active management in the Group's Batteries and Lighting divisions has also largely insulated Supreme from these issues. Management remain cognisant of supply chain and labour constraints but are confident of being able to manage these risks in-line with the growth the Group is delivering.

Integration of Sci-Mx and Vendek was completed in the period and both are progressing well and management remain confident in the prospects for these businesses.

Overall, group margins have been particularly strong with significant year-on-year growth in profitability. Whilst it is too early to draw conclusions about the full year, the Board is pleased with the performance of the Group and looks ahead with confidence.

Supreme will report its interim results for the six months to 30 September on Tuesday, 7 December 2021.

Enquiries:

Supreme plc Sandy Chadha, Chief Executive Officer Suzanne Smith, Chief Finance Officer	via Vigo Consulting
Grant Thornton UK LLP (Nominated Adviser) Philip Secrett / Samantha Harrison / Harrison Clarke	[phone]
Berenberg (B roker ) Chris Bowman / Mark Whitmore / Jen Clarke	[phone]
Vigo Consulting (Financial Public Relations) Jeremy Garcia / Antonia Pollock [e-mail]	[phone]

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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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