AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
-
Nichols PLC showcased decent growth in FY23 with a 3.5% revenue increase and a remarkable 75.3% surge in Profit Before Tax.
-
The company’s Debt/Equity ratio stood at 0.03x in FY23, surpassing industry standards.
-
Looking ahead, Nichols PLC aims to drive growth by expanding its product range and international presence, alongside increased investment in long-term development.
Nichols PLC (LSE: NICL), listed on FTSE AIM UK-50 index, is an international soft drinks company. The company has its sales in more than 73 countries, providing to the wholesale, retail, licensed, catering and leisure industries.
FY23 presented decent rise in Profit Before Tax
The company saw its revenue climb by 3.5% to reach GBP 170.7 million in FY2023, compared to GBP 164.9 million in FY2022. Additionally, its Profit Before Tax surged by 75.3% to GBP 24.3 million in FY23, a significant improvement from GBP 13.8 million in FY22.
In FY23, the company reported a reduced Debt/Equity ratio of 0.03x, contrasting with the industry median of 0.70x.
The management declared a final dividend of GBX 15.6 per share for FY23, surpassing the previous year's final dividend of GBX 15.3 per share.
Company outlook
The company is focusing on expanding its product range and entering new international markets in its packaged business, which is anticipated to fuel growth in both the near and distant future.
Over the coming year, the group aims to increase its investment in long-term development initiatives, while also staying cautious of market uncertainties and implementing appropriate risk management measures.
Top 10 shareholders
The combined ownership of the top 10 shareholders in the company is ~47.23%. Octopus Investments Limited and Harper (Susan Jane) are the top two shareholders in the company, with approximately 8.04% and 7.33% shareholding in the company, respectively.
Stock performance
The share price of NICL has witnessed a surge of approximately 9.75% over the past six months. With a 52-week high of GBX 1,520.00 and a 52-week low of GBX 882.00, it is presently trading below the average of this range.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 10 April 2024. The reference data in this report has been partly sourced from REFINITIV.