Nichols’ (NICL LN, BUY, T/P1760p) preliminary 2017 results included beats at both pre-tax and EPS level. The company reported £30.4m of pre-tax profits – similar both to our own £29.8m estimate and consensus. But adjusted diluted EPS at 66.1p (+9.7%) was comfortably ahead of the 63.8p that we envisaged as well as being above the 65.5p consensus (source: Bloomberg). The company’s tax rate dropped from 20.7% to 19.8%.
02 Mar 2017
Vigourous all-round performance - EPS beats
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Vigourous all-round performance - EPS beats
Nichols plc (NICL:LON) | 978 78.3 0.8% | Mkt Cap: 356.9m
- Published:
02 Mar 2017 -
Author:
Chris Wickham -
Pages:
4
Nichols’ (NICL LN, BUY, T/P1760p) preliminary 2017 results included beats at both pre-tax and EPS level. The company reported £30.4m of pre-tax profits – similar both to our own £29.8m estimate and consensus. But adjusted diluted EPS at 66.1p (+9.7%) was comfortably ahead of the 63.8p that we envisaged as well as being above the 65.5p consensus (source: Bloomberg). The company’s tax rate dropped from 20.7% to 19.8%.