Business
2023 Preliminary Results
2023 Preliminary Results.
About this update from Nichols Plc
[{"type":"text","content":"\n\n6 March 2024 \nNichols plc\n2023 PRELIMINARY RESULTS\n \nStrong performance underpinned by diversified business model and core Vimto brand\n \nNichols plc ('Nichols', the 'Company' or the 'Group'), the diversified soft drinks group, announces its Preliminary Results for the year ended 31 December 2023 (the 'Period').\n \n\n\n\n\n\n\n\nYear ended\n31 December 2023\n\n\nYear ended\n31 December 2022\n\n\n \nMovement\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGroup Revenue\n\n\n£170.7m\n\n\n£164.9m\n\n\n+3.5%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAdjusted Profit Before Tax (PBT)1\n\n\n£27.2m\n\n\n£25.0m\n\n\n+8.7%\n\n\n\n\nProfit Before Tax (PBT)\n\n\n£24.3m\n\n\n£13.8m\n\n\n+75.3%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAdjusted PBT Margin1\n\n\n15.9%\n\n\n15.1%\n\n\n+0.8ppts\n\n\n\n\nPBT Margin\n\n\n14.2%\n\n\n8.4%\n\n\n+5.8ppts\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nEBITDA2\n\n\n£24.7m\n\n\n£26.9m\n\n\n(8.1%)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAdjusted earnings per share (basic)1\n\n\n56.41p\n\n\n55.38p\n\n\n+1.9%\n\n\n\n\nEarnings per share (basic)\n\n\n50.34p\n\n\n31.86p\n\n\n+58.0%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCash and cash equivalents\n\n\n£67.0m\n\n\n£56.3m\n\n\n+19.0%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFree Cash Flow3 (FCF)\n\n\n£20.9m\n\n\n£14.6m\n\n\n+43.1%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAdjusted Return on Capital Employed4\n\n\n26.3%\n\n\n27.2%\n\n\n(0.9ppts)\n\n\n\n\nReturn on Capital Employed5\n\n\n23.3%...