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Applied Nutrition trades ahead of guidance in H125
(Sharecast News) - Supplements business Applied Nutrition said on Thursday that its H125 financial performance was ahead of guidance issued at the time of its IPO. Applied Nutrition said it has made "good progress" in the first half of the financial year, delivering revenue of £47.6m, comfortably ahead of guidance of £46.0m, representing a strong underpinning for its full-year guidance of £100.0m.
The London-listed group also noted that it continues to achieve a "robust" adjusted underlying earnings margin and cash conversion, both in line with market expectations.
Applied Nutrition will announce its interim results on 8 April.
Chief executive Thomas Ryder said: "I am pleased to report we have made strong progress in the first half, delivering performance ahead of our IPO guidance. Our growing global customer base highlights our appeal to a wide range of consumers, from everyday health-conscious individuals to professional athletes who rely on trusted sports nutrition products to fuel their performance.
"We are running into the second half of the year with confidence and remain committed to delivering our vision of being the world's most trusted and innovative sports nutrition, health and wellness brand."
As of 0930, Applied Nutrition shares were up 0.54% at 149.40p.
Reporting by Iain Gilbert at Sharecast.com
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