REG - Supreme PLC - Strong Q3 Trading

SupremeAnnouncement

10/01/2023 07:00

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RNS Number : 1555M  Supreme PLC  10 January 2023

10 January 2023

 

Supreme plc

("Supreme," the "Company" or the "Group")

 

Strong Q3 Trading

 

-      Excellent trading performance across the Group's busiest quarter

-      Trading in line with current market expectations for FY 2023

 

Supreme (AIM:SUP), a leading manufacturer, supplier, and brand owner of
fast-moving consumer products, provides a trading update for the three months
ended 31 December 2022 ("Q3 FY23").

 

Trading across Q3 FY23, the Group's busiest period, was up significantly
compared to Q3 FY22 with revenue and gross profit up 30%.

 

This strong performance ensures the Group remains well placed to meet market
expectations for the year ended 31 March 2023, which were increased in
November 2022.

 

The Group's Vaping division has continued its impressive growth trajectory,
delivering exceptional organic and acquisitive growth, with Liberty Flights,
Cuts Ice and Flavour Core all trading well. Bolstered by its extensive retail
distribution network and robust D2C capabilities, Supreme remains ideally
placed to capitalise on the fast-growing demand in the vaping market.

 

The Group's Lighting division is showing ongoing signs of recovery,
reaffirming the temporary nature of the slowdown within the category and
across the market.  Elsewhere, the Group's Battery division produced another
consistent performance.

 

The remainder of the Group remains profitable and resilient.

 

The Company's strong Q3 FY23 performance has ensured Supreme remains well
positioned for future growth, underpinning management's confidence in the
Group's outlook for FY 2024. Supreme is focused on building on the significant
trading momentum generated across the period to deliver on its medium-term
strategic priorities.

 

 

Enquiries:

 

 Supreme plc                                                      via Vigo Consulting

 Sandy Chadha, Chief Executive Officer

 Suzanne Smith, Chief Finance Officer

 Grant Thornton UK LLP (Nominated Adviser)                        +44 (0)20 7383 5100

 Samantha Harrison / Harrison Clarke / Samuel Littler

 Berenberg (Broker)                                               +44 (0)20 3207 7800

 Chris Bowman / Mark Whitmore / Mara Grasso

 Vigo Consulting (Financial Public Relations)                     +44 (0)20 7390 0230

 Jeremy Garcia / Kendall Hill

 supreme@vigoconsulting.com (mailto:supreme@vigoconsulting.com)

 

 

About Supreme

 

Supreme supplies products across five key categories; batteries, lighting,
vaping, sports nutrition & wellness, and branded household consumer goods.
The Company's capabilities span from product development and manufacturing
through to its extensive retail distribution network and direct to consumer
capabilities. This vertically integrated platform provides an excellent route
to market for well-known brands and products.

 

The Group has over 3,300 active business accounts with retail customers who
manage over 10,000 branded retail outlets. Customers include B&M, Home
Bargains, Poundland, Tesco, Sainsburys, Morrisons, Amazon, The Range,
Costcutter, Asda, Halfords, Iceland and HM Prison & Probation Service.

 

In addition to distributing globally-recognised brands such as Duracell,
Energizer and Panasonic, and supplying lighting products exclusively under the
Energizer, Eveready, Black & Decker and JCB licences across 45 countries,
Supreme has also developed brands in-house, most notably 88Vape and has a
growing footprint in Sports Nutrition and Wellness via its principal brands
Sci-MX and Battle Bites.

 

www.investors.supreme.co.uk (http://investors.supreme.co.uk)

 

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