Nichols PLC (LSE: NICL) focuses on long term growth with product range expansion

2 min read | April 11, 2024 02:30 AM AEST | By Team Kalkine Media

Google News:

Nichols PLC (LSE: NICL) focuses on long term growth with product range expansion — Image source: shutterstock

Recent News

Can Firming Capacity Spark The Next ASX Energy Move?

ASX 200 Energy Stocks Hit A Margin Crossroad

ASX 200 Income Debate Heats Up Before EOFY

Viking Mines (ASX:VKA) Advances Linka Tungsten Project with Positive O...

Make Kalkine Media
My Trusted Source

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 EODHD/Others.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.