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Supreme PLC - Manchester-based battery and lighting distributor - Expects to report revenue ‘in excess’ of £130 million for the year ended March 31, up 6.6% versus £122 million the year prior. Anticipates adjusted earnings before interest, taxes, depreciation, and amortization to be ‘no less’ than £21 million, up 8.8% from £19.3 million. Says its vaping unit is expected to report 10% revenue growth. Expects its Batteries and Lighting units to report growth in revenue of around 2% and 5%. Notes Sports Nutrition & Wellness unit sees revenue more than double. Expects profitable growth in financial 2023, but warns that performance will be ‘tempered’ by commodity price inflation within its Sports Nutrition & Wellness business, and increases in its overhead base relating to wage and transport costs. Will publish annual results for financial 2022 in July.
Current stock price: 157.26 pence, down 17% on Tuesday
12-month change: down 17%
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