Nichols continues to justify its premium rating, posting a strong set of interims with LFL sales growth of 12% and EPS of 7%. The core Vimto brand has continued to comfortably outperform the UK soft drinks market and International momentum remains impressive. Today’s interims are also accompanied by a small bolt-on deal of a distributor which triggers FY18 and FY19 EPS upgrades of 3%/4% respectively. The shares trade on a premium FY18 P/E of 25x which we feel is deserved given the internationall ....
20 Jul 2017
N+1 Singer - Nichols - Strong interims and an accretive deal
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N+1 Singer - Nichols - Strong interims and an accretive deal
Nichols plc (NICL:LON) | 989 0 0.0% | Mkt Cap: 361.2m
- Published:
20 Jul 2017 -
Author:
Sahill Shan -
Pages:
4
Nichols continues to justify its premium rating, posting a strong set of interims with LFL sales growth of 12% and EPS of 7%. The core Vimto brand has continued to comfortably outperform the UK soft drinks market and International momentum remains impressive. Today’s interims are also accompanied by a small bolt-on deal of a distributor which triggers FY18 and FY19 EPS upgrades of 3%/4% respectively. The shares trade on a premium FY18 P/E of 25x which we feel is deserved given the internationall ....