Brief: Supreme Sees FY 2024 Adjusted EBITDA To Reach At Least 38 Mln Stg

Supreme

29/01/2024 17:48

Jan 29 (Reuters) - Supreme PLC  SUP.L :
    * SUPREME PLC -  EXPECTS FOR FY2025 ( NOT 'FY2024')THAT
ABOUT £75
MILLION OF ITS REVENUE AND £9 MILLION OF ADJUSTED EBITDA WILL BE
DERIVED FROM DISPOSABLE VAPES IN FY 2024
    * SUPREME PLC  - MARKET AND TRADING UPDATE AND SHARE BUYBACK
    * SUPREME PLC - FY 2025 OUTLOOK UNAFFECTED BY PROPOSED
CHANGES
    * SUPREME PLC - NOW EXPECTED THAT FY 2024 WILL SIGNIFICANTLY
OUTPERFORM MARKET EXPECTATIONS, WITH REVENUE PROJECTED TO BE AT
LEAST £225 MILLION
    * SUPREME PLC -  SEES FY 2024 ADJUSTED EBITDA TO REACH AT
LEAST
£38 MILLION - A DOUBLING FROM FY 2023'S ADJUSTED EBITDA
    * SUPREME PLC - SUPREME PROPOSES TO LAUNCH UP TO £1 MILLION
SHARE
BUYBACK PROGRAMME OVER NEXT THREE MONTHS
    * SUPREME PLC -REMAINS CONFIDENT THAT VAPING IS, AND WILL
CONTINUE
TO BE, MOST CREDIBLE AND EFFECTIVE ALTERNATIVE TO CIGARETTES

Source text for Eikon:  ID: 
Further company coverage:  SUP.L 

 (Reuters.Briefs@thomsonreuters.com)