Nichols has had a strong H1 to deliver 14% revenue growth, led by the higher margin international business. It enters H2 with OoH now broadly in line and momentum rebuilding ahead of the busier summer trading months, UK packaged continuing to deliver pleasing growth, International on the front foot and news of a leading brand distribution win (SLUSH PUPPiE) in the frozen slush category. We keep our 3 year PBT estimates unchanged but see the company moving in the right direction to rebuild profit ....
21 Jul 2021
Strong interims & OoH seeing good momentum
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Strong interims & OoH seeing good momentum
Nichols plc (NICL:LON) | 984 0 0.0% | Mkt Cap: 359.4m
- Published:
21 Jul 2021 -
Author:
Sahill Shan -
Pages:
3
Nichols has had a strong H1 to deliver 14% revenue growth, led by the higher margin international business. It enters H2 with OoH now broadly in line and momentum rebuilding ahead of the busier summer trading months, UK packaged continuing to deliver pleasing growth, International on the front foot and news of a leading brand distribution win (SLUSH PUPPiE) in the frozen slush category. We keep our 3 year PBT estimates unchanged but see the company moving in the right direction to rebuild profit ....