REG - Supreme PLC - Trading Update and Notice of Results

SupremeAnnouncement

24/10/2022 07:01

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RNS Number : 7793D  Supreme PLC  24 October 2022

24 October 2022

 

Supreme plc

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

 

Trading Update

&

Notice of Results & Investor Presentation

 

Supreme (AIM:SUP), a leading manufacturer, supplier, and brand owner of
fast-moving consumer products, provides a trading update for the six months
ended 30 September 2022.

 

The Board is pleased with the Group's performance across the period, with
trading in line with expectations for the year ended 31 March 2023.

 

The Group's Vaping division, a significant profit driver for the Group, has
continued its strong growth trajectory across the period, driven by a
combination of both organic and recent acquisitive momentum.

 

As previously flagged, the Lighting category slowed down during the period in
line with the slow down across the market. The early indications of recovery
evidenced in retail sales across September and October reaffirm the temporary
nature of this slow down.

 

The remainder of the Group remains profitable, resilient and highly cash
generative.

 

The Board remains positive about the Group's future growth prospects, with
Supreme focusing on delivering organic growth whilst fully integrating its
recent Vaping acquisitions. Supreme has both the strong operational
foundations and a clearly defined growth strategy in place to further increase
its retail footprint across the Group's leading categories and continue to
capitalise on the fast-growing transition from tobacco to vaping.

 

Notice of Results & Investor Presentation

 

Supreme will report its interim results for the six months to 30 September
2022 on Tuesday, 29 November 2022.

 

Management will be hosting a presentation for investors in relation to the
Company's results on Tuesday, 29 November 2022 at 3pm BST.

 

The online presentation is open to all existing and potential shareholders.

 

Questions can be submitted during the presentation and will be addressed at
the end.

 

To register for the event, please go to:

https://www.equitydevelopment.co.uk/news-and-events/supreme-investor-presentation-29nov2022
(https://www.equitydevelopment.co.uk/news-and-events/supreme-investor-presentation-29nov2022)

 

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 / Daphne Zhang / 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

 

 

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, The Range, Sports Direct, Londis, SPAR, 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 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.

 

https://investors.supreme.co.uk/ (https://investors.supreme.co.uk/)

 

 

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