Today’s Q1 update signals a positive start to the year, led by the International business whilst Vimto in the UK has continued to outperform. Post factoring in the OoH drag, revenue in the period was down only 5.9% - a highly creditable showing we feel. Looking forward, Nichols enters the busier trading months with good momentum and OoH should benefit from the unlocking of the hospitality sector. We use this note to reinstate our forecasts and have positioned these prudently until we get a bette ....
28 Apr 2021
Positive start to the year & we reinstate our forecasts
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Positive start to the year & we reinstate our forecasts
Nichols plc (NICL:LON) | 981 -19.6 (-0.2%) | Mkt Cap: 358.3m
- Published:
28 Apr 2021 -
Author:
Sahill Shan -
Pages:
3
Today’s Q1 update signals a positive start to the year, led by the International business whilst Vimto in the UK has continued to outperform. Post factoring in the OoH drag, revenue in the period was down only 5.9% - a highly creditable showing we feel. Looking forward, Nichols enters the busier trading months with good momentum and OoH should benefit from the unlocking of the hospitality sector. We use this note to reinstate our forecasts and have positioned these prudently until we get a bette ....