Nichol’s YE update is in line with guidance given in November at the time of the 9-month update. This is reassuring and a positive outcome given tier restrictions created additional challenges during the critical month of December. Overall, sales are reported to be down 19.3% to £118.7m vs our £119.4m, with OoH the principal drag. This should not overshadow another excellent year for UK Vimto packaged and further international progress. Pleasingly the company generated £6.4m of cash in the perio ....
12 Jan 2021
In line YE update
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In line YE update
Nichols plc (NICL:LON) | 990 19.8 0.2% | Mkt Cap: 361.5m
- Published:
12 Jan 2021 -
Author:
Sahill Shan -
Pages:
3
Nichol’s YE update is in line with guidance given in November at the time of the 9-month update. This is reassuring and a positive outcome given tier restrictions created additional challenges during the critical month of December. Overall, sales are reported to be down 19.3% to £118.7m vs our £119.4m, with OoH the principal drag. This should not overshadow another excellent year for UK Vimto packaged and further international progress. Pleasingly the company generated £6.4m of cash in the perio ....