IN BRIEF: Applied Nutrition to beat interim revenue guidance
Applied Nutrition PLC - Liverpool-based sports nutrition brands company - Says revenue was £47.6 million in the six months to January 31, beating guidance of £46 million it had issued at the time of its initial public offering in October. For the full financial year, Applied Nutrition anticipates revenue of £100 million as it ‘continues to achieve a robust adjusted earnings before interest, tax, depreciation and amortisation margin,’ and cash conversion in line with market expectations. The company will release interim results on April 8.
‘Our focus is on delivering the growth strategy outlined at IPO of taking our brand to an increasing number of customers globally. This is underpinned by our in-house new product development engine and supported by our strong partnerships. We are running into the second half of the year with confidence and remain committed to delivering our vision of being the world’s most trusted and innovative sports nutrition, health and wellness brand,’ says Chief Executive Officer Thomas Ryder.
Current stock price: 148.29 pence each, down 0.2% on Thursday afternoon in London
12-month change: up 3.3%
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