NWF Group (NWF)

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FTSE AIM All-Share

197.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 205.64
  • 52 Week Low: 120.00
  • Currency: UK Pounds
  • Shares Issued: 48.73m
  • Volume: 3,488
  • Market Cap: £96.01m
  • RiskGrade: 175

Fuel, food prices impact NWF Group revenues

By Josh White

Date: Tuesday 02 Feb 2016

LONDON (ShareCast) - (ShareCast News) - NWF Group maintained its strong heading in the first half of the year, despite low fuel and commodity prices impacting on revenue.
The AIM-traded agricultural and distribution business saw revenue drop 9.1% in the six months to 30 November 2015, to £224.6m.

Its headline operating profit was stable at £2.8m, with headline profit before tax increasing 4% to £2.6m.

Headline basic earnings per share was up 7.5% to 4.3p, and the company would pay an interim dividend of 1p per share - the same as the previous corresponding period.

NWF reduced its net debt during the period by 16.1%, to £10.4m, making a net debt to EBITDA gearing of 0.8x - down from 1.1x a year earlier.

"NWF has achieved a solid performance in the first half of the year, despite difficult market conditions," said chief executive Richard Whiting.

"The group made two acquisitions in Feeds and Fuels, and was still able to report reduced debt as a result of its strong cash generative capabilities and effective working capital management."

Whiting said current trading was in line with the board's full year expectations.

During the period, NWF saw volume growth in Feeds and Fuels, which it said reflected its headline growth and the contribution of acquisitions.

It blamed the decrease in revenue on significantly lower oil prices in Fuels, and lower commodity prices in Feeds.

The company said it had good cash generation with a reduction in net debt, despite completing the two acquisitions.

Headline operating profits across the three divisions were £0.3m in Feeds, up from £0.1m in 2014; £1.4m in food, down from £1.5m in 2014; and £1.1m in Fuels, down from £1.2m a year earlier.

Looking ahead, NWF Group said it maintained significant financial flexibility during the period for future investment growth initiatives.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

NWF Group Market Data

Currency UK Pounds
Share Price 197.00p
Change Today -1.00p
% Change -0.51 %
52 Week High 205.64
52 Week Low 120.00
Volume 3,488
Shares Issued 48.73m
Market Cap £96.01m
RiskGrade 175

NWF Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.50% above the market average76.50% above the market average76.50% above the market average76.50% above the market average76.50% above the market average
77.57% above the sector average77.57% above the sector average77.57% above the sector average77.57% above the sector average77.57% above the sector average
Price Trend
77.63% above the market average77.63% above the market average77.63% above the market average77.63% above the market average77.63% above the market average
67.86% above the sector average67.86% above the sector average67.86% above the sector average67.86% above the sector average67.86% above the sector average
Income
45.90% above the market average45.90% above the market average45.90% above the market average45.90% above the market average45.90% above the market average
50.68% above the sector average50.68% above the sector average50.68% above the sector average50.68% above the sector average50.68% above the sector average
Growth
1.36% above the market average1.36% above the market average1.36% above the market average1.36% above the market average1.36% above the market average
15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

NWF Group Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Mar-20 31-Oct-19
Paid 06-May-20 05-Dec-19
Amount 1.00p 5.60p

Trades for 09-Jul-2020

Time Volume / Share Price
14:04 1,211 @ 194.66p
08:56 1,428 @ 205.64p
08:03 849 @ 194.35p

NWF Group Key Personnel

CEO Richard Anthony Whiting
Chair Philip Acton

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