NWF Group (NWF)

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Index:

FTSE AIM All-Share

 201.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 206.32
  • 52 Week Low: 120.00
  • Currency: UK Pounds
  • Shares Issued: 48.73m
  • Volume: 3,700
  • Market Cap: £97.95m
  • RiskGrade: 248

NWF Group beats expectations but still falls short of prior year

By Josh White

Date: Tuesday 30 Jul 2019

LONDON (ShareCast) - (Sharecast News) - NWF Group reported a "strong" set of results on Tuesday, ahead of original market expectations but behind the record prior year.
The AIM-traded firm said its revenue was 9.9% higher in the year ended 31 May at £671.3m, while its headline operating profit slipped 3.8% to £10.2m.

It said it saw revenue growth in all three of its divisions, which was the result of increased activity and higher commodity prices.

It said it saw "very strong" profit improvement in food, which improved its operational effectiveness with new customers.

The company's headline profit before tax slid 4.9% to £9.7m, while its fully-diluted headline earnings per share were 5.4% lower at 15.8p.

NWF's board declared a total dividend per share of 6.6p, up 4.8% on the total distribution in the 2018 financial year.

It said its balance sheet remained "strong", with net debt standing at £10.4m, widening from £6.4m, with its net debt-to-EBITDA ratio standing at 0.7x, compared to 0.4x in the prior year.

The firm said the delivery of its strategy continued during the year, with three fuels acquisitions increasing its penetration and geographic reach.

Looking at its statutory results, NWF's operating profit was down 9.4% at £9.6m, while its profit before tax fell 10.3% to £8.7m and its fully-diluted earnings per share slid 12.6% to 13.9p.

"NWF has delivered a result ahead of original market expectations and the business is continuing to develop in line with our strategy," said chief executive Richard Whiting.

"The fuels division has performed well in spite of a mild winter and has completed three acquisitions adding 20% to its volumes.

"Food has outperformed management's expectations with new customers and employees working effectively in a business which has been at capacity throughout the year."

Whiting said feeds had delivered a "stable result" in spite of variable market conditions.

"We are proposing an increased dividend and continue to see opportunity for further strategic and operational progress.

"Trading in the current financial year to date has been in line with our expectations."

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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 201.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 206.32
52 Week Low 120.00
Volume 3,700
Shares Issued 48.73m
Market Cap £97.95m
RiskGrade 248

NWF Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
66.49% above the market average66.49% above the market average66.49% above the market average66.49% above the market average66.49% above the market average
52.29% above the sector average52.29% above the sector average52.29% above the sector average52.29% above the sector average52.29% above the sector average
Price Trend
73.02% above the market average73.02% above the market average73.02% above the market average73.02% above the market average73.02% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Income
29.60% above the market average29.60% above the market average29.60% above the market average29.60% above the market average29.60% above the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Growth
3.92% below the market average3.92% below the market average3.92% below the market average3.92% below the market average3.92% below the market average
12.96% below the sector average12.96% below the sector average12.96% below the sector average12.96% below the sector average12.96% 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 05-Jun-2020

Time Volume / Share Price
16:15 240 @ 196.25p
12:21 431 @ 206.32p
10:59 1,575 @ 196.25p
09:51 1,454 @ 206.32p

NWF Group Key Personnel

CEO Richard Anthony Whiting
Chair Philip Acton

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