Business
2016 Preliminary Results
2016 Preliminary Results.
About this update from Nichols Plc
[{"type":"text","content":"\n \nRNS Number : 2931Y Nichols PLC 02 March 2017 \n\n \n\n\n\n\nDate:\n\n\nEmbargoed until 0700 Thursday 2 March 2017 \n \n\n\n\n\nContacts:\n\n\nJohn Nichols, Non-Executive Chairman\n\n\n\n\nMarnie Millard, Group Chief Executive Officer\nTim Croston, Group Chief Financial Officer\nAndrew Milne, Group Commercial Director\n \n\n\n\n\nNichols plc\n\n\n\n\nTelephone: 01925 222222\n\n\n\n\nWebsite: www.nicholsplc.co.uk\n\n\n\n\n \n\n\n \n\n\n\n\nAlex Brennan\n\n\nRichard Lindley\n\n\n\n\nHudson Sandler\n\n\nN+1 Singer (Nominated Adviser)\n\n\n\n\nTelephone: 020 7796 4133\n\n\nTelephone: 0207 496 3000\n\n\n\n\nEmail: [email protected]\n\n\n \n\n\n\n\n \nNichols plc\nPRELIMINARY RESULTS\n \nNichols plc ('Nichols' or the 'Group'), the soft drinks Group, announces its Preliminary results for the year ended 31 December 2016.\n \nNichols is an international soft drinks business with sales in over 85 countries, selling products in both the Still and Carbonate categories. The Group is home to the iconic Vimto brand which is popular in the UK and around the world, particularly in the Middle East and Africa. Other brands in its portfolio include Feel Good, Starslush, Levi Roots and Sunkist.\n \nHighlights:\n \n\n\n\n\n*Adjusted measures of Profit Before Tax and EPS are pre the exceptional gain\n\n\nYear ended\n31 Dec 2016\n\n\nYear ended\n31 Dec 2015\n\n\n% movement\n\n\n\n\n \n\n\n£m\n\n\n£m\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nGroup Revenue\n\n\n117.3\n\n\n109.3\n\n\n+7.4%\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nOperating Profit\n\n\n30.3\n\n\n27.8\n\n\n+9.0%\n\n\n\n\nOperating Profit margin \n\n\n25.8%\n\n\n25.5%\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nAdjusted Profit Before Tax*\n\n\n30.4\n\n\n28.0\n\n\n+8.6%\n\n\n\n\nAdjusted EPS (basic)*\n\n\n66.18p\n\n\n60.33p\n\n\n+9.7%\n\n\n\n\nFinal dividend\n\n\n20.3p\n\n\n17.6p\n\n\n+15.3%\n\n\n\n\n \nJohn Nichols, Non-Executive Chairman, said: \n \n\"2016 has been another very good year for Nichols plc with the Group delivering continued progress against our growth strategy. This has resulted in a 9.7% increase in basic earnings per share* and a 15.3% rise in the final dividend.\n \nThe Group has a clear strategy for growt...