NWF Chief Executive, Richard Whiting, and Group Finance Director, Chris Belsham present half-year results for the period ended 30 November 2022.
"We have delivered a record first half with a good performance from all three divisions in spite of an uncertain economic outlook and inflationary pressures. NWF has continued to demonstrate its resilience as a business and has significant further growth opportunities. The acquisition of Sweetfuels in December highlightsthe delivery of our growth strategy to consolidate the fragmented fuels distribution market. We have started the important winter period well and continue to focus on the long-term growth of the Group, with a clear investment strategy, which is supported by a strong financial position." Richard Whiting, Chief Executive
Richard Whiting, Chief Executive
00:18 Introduction
00:34 Group overview
01:15 Results summary
02:26 Operating highlights
Chris Belsham, Group Finance Director
06:36 Financial review
Richard Whiting, Chief Executive
12:27 Summary of NWF
13:04 Strategy to drive shareholder return
Chris Belsham, Group Finance Director
17:50 Acquisition process
Richard Whiting, Chief Executive
19:45 ESG Framework
20:47 NWF proposition & investment case
21:29 Summary & outlook
22:11 Q&A
About NWF Group
NWF Group plc is a specialist distributor of fuel, food, and feed across the United Kingdom. The principal activities of the Company and its subsidiaries are the sale and distribution of fuel oils, the warehousing and distribution of ambient groceries, and the manufacture and sale of animal feeds. The Company's segments include Fuels, Food, and Feeds. The Fuels segment is engaged in the sale and distribution of domestic heating, industrial and road fuels. The Food segment is engaged in the warehousing and distribution of clients' ambient grocery and other products to supermarkets and other retail distribution centers. The Feeds segment is engaged in the manufacture and sale of animal feeds and other agricultural products. The Company operates through its subsidiaries, which include NWF Agriculture Limited, New Breed (UK) Limited, Boughey Distribution Limited, and NWF Fuels Limited.
Information for investors, including analyst consensus forecasts, can be found on the Group's website at www.nwf.co.uk .
