NWF Group PLC Trading Update (3511S)
March 09 2023 - 2:00AM
UK Regulatory
TIDMNWF
RNS Number : 3511S
NWF Group PLC
09 March 2023
For release 7.00am Thursday 9 March 2023
NWF Group plc
NWF Group plc: Trading Update
NWF Group plc ('NWF' the 'Company' or the 'Group'), the
specialist distributor of fuel, food and feed across the UK , today
provides a trading update for the current year ending 31 May
2023.
As set out in the interim results issued on 31 January 2023, the
Group delivered a very strong performance in the first six months
of the year and carried over good momentum going into the second
half.
Since then, trading in all three divisions has continued to be
strong, with performance across the third quarter ahead of internal
expectations, including the benefit of a good first contribution
from the Sweetfuels business, acquired in December 2022.
Whilst final quarter trading continues to be subject to seasonal
factors, the strong year to date performance together with the
supportive backdrop entering March means that the Board now
anticipates the Group's full year result to be significantly ahead
of market expectations(1) with full year headline profit before
tax(2) not less than GBP17.5 million .
1. Company compiled consensus headline PBT of GBP12.3 million;
information for investors including analyst consensus forecasts,
can be found on the Group's website at www.nwf.co.uk
2. Stated before amortisation of acquired intangibles and the
net finance cost of the Group's defined benefit scheme
Certain information contained in this announcement would have
constituted inside information (as defined by Article 7 of
Regulation (EU) No 596/2014), as it forms part of domestic law by
virtue of the European Union (Withdrawal) Act 2018) ("MAR") prior
to its release as part of this announcement and is disclosed in
accordance with the Company's obligations under Article 17 of those
Regulations.
Richard Whiting, Chief Reg Hoare / Catherine
Executive Chapman Mike Bell / Ed Allsopp
Chris Belsham, Group Finance
Director
NWF Group plc MHP Communications Peel Hunt LLP
(Nominated Adviser
and broker)
Tel: 01829 260 260 Tel: 020 3128 8339 Tel: 020 7418 8900
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END
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