AGM statement affirms market momentum
In a statement to accompany today’s AGM, Supreme PLC Chairman Paul McDonald noted “record organic revenue and profit growth” for the year to 31 March 2024. The Group also closed the year debt-free. Subsequently, the Group has continued to build on positive trading momentum into H1 25, and, following a solid start, expects FY25 performance to be in line with market expectations.Inclusive of the acquisition of Clearly Drink, Supreme reports that annualised sales from non-vaping products are expected to exceed £100m; this is in line with Equity Development estimates. The Group also expects acquisitions to continue to offer opportunities for further diversification and to expand its market presence.
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