Supreme is the UK’s largest battery and lighting distributor, and a leading name in the e-cigarette and vaping market. Formed in 1975, Supreme supplies five key categories of consumer spending: Vaping, Sports Nutrition & Wellness, Batteries, Lighting and Branded Household Consumer Goods.

10 Jan 2023

Positive trading update – strong busiest quarter

Supreme reports that trading in the three months up to 31 December 2022 was significantly ahead year-on-year, with revenue and gross profit up 30%YoY. As a result, the Group is “well placed” to meet market expectations - which were raised in November - for the year to 31 March 2023.

Following strong Interim results (ED report 29^th November 2022 H1 23 results buoyed by strong performance from Vaping) we raised our FY23 revenue outlook by 7% from £129.5m to £138.3m, and raised our FY23 EBITDA (adj.) outlook by 6% to £18.5m. As the Trading Update indicates, Supreme has maintained the momentum of H1 performance adding confidence to our raised estimates for the current year; for FY24, we maintain the revenue forecast which was raised by 6% from £142.2m to £150.5m at the Interim.

Our Fair Value remains 190p/share.

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