UK's Applied Nutrition shares plummet after warning of volume hit from Iran war (updated)

Applied Nutrition

23/03/2026 08:39

Adds details on outlook in paragraph 2 7 4, results in paragraph 5, updates shares in paragraph 3

March 23 (Reuters) - Shares in Applied Nutrition APNA.L plummeted in early Monday trade after the British supplements maker forecast "some" reduction in volumes in the Middle East due to the Iran conflict, even as it kept its annual revenue outlook unchanged.

"The group is cognisant of the current disruption to shipping routes and purchasing activities within the Middle East," the firm with shipping routes and operations in the Middle East said.

Shares, which last as much as 18.6%, were down over 13% at 191.8 pence as of 0836 GMT.

The creatine and protein supplement maker kept its annual revenue outlook of 140 million pounds ($186.47 million)unchanged despite forecasting some reduction in volumes into the Middle East during the second half.

 For the first six months ended January 31, the firm posted an adjusted core profit of 21.5 million pounds, up nearly 56% from last year levels.

($1 = 0.7508 pounds)

(Reporting by Prerna Bedi in Bengaluru; Editing by Nivedita Bhattacharjee)

((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))