Business
Final Results
Final Results.
About this update from Nwf Group Plc
[{"type":"text","content":"\n\nFor release 07.00am Tuesday 30 July 2024\nNWF Group plc \n \nNWF Group plc: Final results for the year ended 31 May 2024\n \n \n\"A solid financial performance, in line with market expectations despite more challenging conditions for Fuels and Feeds relative to recent years. Focus on growth, with investment in the new Lymedale warehouse to meet growing customer demand in our Food business supporting our M&A strategy in Fuels.\"\n \nNWF Group plc ('NWF', the 'Company' or the 'Group'), the specialist distributor operating in UK markets, today announces its audited final results for the year ended 31 May 2024.\n \n\n\n\n\n\n \n\n\n\n\n2024\n\n\n\n\n2023\n\n\n\n\n %\n\n\n\n\n\n\n \n\n\n\n\n \n\n\n\n\n \n\n\n\n\n \n\n\n\n\n\nFinancial highlights\n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue\n\n\n£950.6m\n\n\n£1,053.9m\n\n\n-9.8%\n\n\n\n\nHeadline operating profit1\n\n\n£14.2m\n\n\n£21.0m\n\n\n-32.4%\n\n\n\n\nHeadline profit before taxation1\n\n\n£12.5m\n\n\n£19.6m\n\n\n-36.2%\n\n\n\n\nDiluted headline earnings per share1\n\n\n19.2p\n\n\n31.3p\n\n\n-38.7%\n\n\n\n\nTotal dividend per share\n\n\n8.1p\n\n\n7.8p\n\n\n+3.8%\n\n\n\n\nHeadline EBITDA1\n\n\n£19.4m\n\n\n£25.8m\n\n\n-24.8%\n\n\n\n\n\nNet cash (excluding IFRS 16 lease liabilities)\n\n\n\n\n£10.0m\n\n\n\n\n£16.3m\n\n\n\n\n-38.7%\n\n\n\n\n\nStatutory results\n\n\n\n\n\n\n\n\n\n\n\n\n\nOperating profit\n\n\n£14.3m\n\n\n£20.6m\n\n\n-30.6%\n\n\n\n\nProfit before taxation\n\n\n£12.2m\n\n\n£18.9m\n\n\n-35.4%\n\n\n\n\nDiluted earnings per share\n\n\n18.4p\n\n\n30.1p\n\n\n-38.9%\n\n\n\n\n\nNet debt (including IFRS 16 lease liabilities)\n\n\n\n\n£36.3m\n\n\n\n\n£13.5m\n\n\n\n\n+168.9%\n\n\n\n\n\n \n1 Headline operating profit and EBITDA excludes exceptional items and amortisation of acquired intangibles. Headline profit before taxation excludes exceptional items, amortisation of acquired intangibles and the net finance cost in respect of the Group's defined benefit pension scheme. Diluted headline earnings per share also takes into account the taxation effect thereon.\n \n \nHighlights\n• Solid results for the Group in line with the expected normalisation of pricing in the Fuels and Feeds markets, reflecting strong operational and commercial execution....