Nichols’s YE trading update signals a beat against market expectations, market share gains and the virtues of geographical diversification. It has enjoyed a strong H2, led by the UK, resulting in overall sales growth of 7% vs our 5%. UK had an excellent year, significantly outperforming market growth and reflecting another period of successful strategic execution. International progress as expected was mixed with Yemen and Saudi shipment timing issues a drag. This was well flagged at the interim ....
09 Jan 2019
Strong H2 caps off another positive year and a forecast beat
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Strong H2 caps off another positive year and a forecast beat
Nichols plc (NICL:LON) | 982 39.3 0.4% | Mkt Cap: 358.6m
- Published:
09 Jan 2019 -
Author:
Sahill Shan -
Pages:
4
Nichols’s YE trading update signals a beat against market expectations, market share gains and the virtues of geographical diversification. It has enjoyed a strong H2, led by the UK, resulting in overall sales growth of 7% vs our 5%. UK had an excellent year, significantly outperforming market growth and reflecting another period of successful strategic execution. International progress as expected was mixed with Yemen and Saudi shipment timing issues a drag. This was well flagged at the interim ....