Business
Trading Update & Notice of Results
Trading Update & Notice of Results.
About this update from Supreme Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3552P\n Supreme PLC\n 18 October 2021\n \n \n \n 18 October 2021\n \n Supreme plc\n \n \n (\"Supreme,\" the \"Company\" or the \"Group\")\n \n Trading Update\n &\n Notice of Results\n \n 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 2021. \n \n \n \n \n The Board is pleased with the strong performance of the Group in the first half of the financial year and remains confident in achieving expectations for the full year. Positive momentum in the Vaping division has continued alongside particularly strong growth in the Sports Nutrition and Wellness category. Lighting has benefitted from some brought forward sales in addition to the expected organic growth and Batteries continues to be a defensive and predictable profit contributor for the Group.\n \n \n \n \n \n As manufacturing in Supreme's key vaping and sports nutrition categories is in-house, the Group has been relatively unaffected by global supply chain issues affecting other areas of the economy. In addition, active management in the Group's Batteries and Lighting divisions has also largely insulated Supreme from these issues. Management remain cognisant of supply chain and labour constraints but are confident of being able to manage these risks in-line with the growth the Group is delivering.\n \n \n \n \n \n Integration of Sci-Mx and Vendek was completed in the period and both are progressing well and management remain confident in the prospects for these businesses.\n \n \n \n \n \n Overall, group margins have been particularly strong with significant year-on-year growth in profitability. Whilst it is too early to draw conclusions about the full year, the Board is pleased with the performance of the Group and looks ahead with confidence. \n \n \n \n \n \n Supreme will report its interim results for the six months to 30 September on Tuesday, 7 December 2021.\n \n \n \n \n \n Enquiries:\n \n \n \n \n \n Supreme plc\n Sandy Chadha, Chief Executive Officer\n Suzanne Smith, Chief Finance Officer\n \n \n \n via Vigo Consulting\n \n \n \n \n \n \n Grant Thornton UK LLP \n (Nominated Adviser) \n \n \n Philip Secrett / Samantha Harrison / Harris...