NWF Group (NWF)

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FTSE AIM All-Share

157.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 189.00
  • 52 Week Low: 136.50
  • Currency: UK Pounds
  • Shares Issued: 48.73m
  • Volume: 38,157
  • Market Cap: £76.51m
  • RiskGrade: 92
  • Beta: 0.06

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 157.00p
Change Today -0.50p
% Change -0.32 %
52 Week High 189.00
52 Week Low 136.50
Volume 38,157
Shares Issued 48.73m
Market Cap £76.51m
Beta 0.06
RiskGrade 92

NWF Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.08% above the market average82.08% above the market average82.08% above the market average82.08% above the market average82.08% above the market average
86.78% above the sector average86.78% above the sector average86.78% above the sector average86.78% above the sector average86.78% above the sector average
Price Trend
20.93% below the market average20.93% below the market average20.93% below the market average20.93% below the market average20.93% below the market average
12.7% below the sector average12.7% below the sector average12.7% below the sector average12.7% below the sector average12.7% below the sector average
Income
65.61% above the market average65.61% above the market average65.61% above the market average65.61% above the market average65.61% above the market average
62.79% above the sector average62.79% above the sector average62.79% above the sector average62.79% above the sector average62.79% above the sector average
Growth
19.68% below the market average19.68% below the market average19.68% below the market average19.68% below the market average19.68% below the market average
24.79% below the sector average24.79% below the sector average24.79% below the sector average24.79% below the sector average24.79% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_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
  Final Interim
Ex-Div 31-Oct-19 21-Mar-19
Paid 05-Dec-19 01-May-19
Amount 5.60p 1.00p

Trades for 21-Nov-2019

Time Volume / Share Price
16:07 400 @ 157.48p
15:49 3,164 @ 157.65p
15:42 6,925 @ 153.31p
15:39 2,725 @ 155.00p
15:13 5,550 @ 155.00p

NWF Group Key Personnel

CEO Richard Anthony Whiting
Finance Director Brendon Banner

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