The AGM/Q1 update indicates trading has been in line with management expectations. The UK Packaged business has got off to a strong start, with excellent execution against the strategic growth plan. Whilst international progress in Q1 was held back by phasing of shipments and tough comps, FY profitability is expected to grow. With no change to FY PBT expectations, we leave our cautiously set forecasts unchanged. Overall, Nichols deserves a closer look. At the recent finals it clearly laid out th ....
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24 Apr 2024
In line start to the year; forecasts unchanged
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In line start to the year; forecasts unchanged
Nichols plc (NICL:LON) | 1,130 -226 (-1.7%) | Mkt Cap: 412.8m
- Published:
24 Apr 2024 -
Author:
Sahill Shan -
Pages:
3 -
The AGM/Q1 update indicates trading has been in line with management expectations. The UK Packaged business has got off to a strong start, with excellent execution against the strategic growth plan. Whilst international progress in Q1 was held back by phasing of shipments and tough comps, FY profitability is expected to grow. With no change to FY PBT expectations, we leave our cautiously set forecasts unchanged. Overall, Nichols deserves a closer look. At the recent finals it clearly laid out th ....