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Supreme’s value proposition gains traction

Simon Thompson: Investors seem cautious ahead of changes to vaping market despite solid financials
Supreme’s value proposition gains traction  Published on November 26, 2024
  • First-half revenue up 8 per cent to £113mn
  • Gross margin up from 27 to 30 per cent
  • Adjusted Ebitda up 22 per cent to £18.5mn
  • Underlying pre-tax profit up 25 per cent to £14.7mn

Supreme (SUP:175p), a manufacturer that counts B&M, Home Bargains, Poundland and all the major supermarket chains as customers, has reported record first-half results and raised full-year Ebitda guidance by £3mn to £40mn.

Supreme supplies products to retail customers who manage more than 20,000 branded retail outlets across six categories: batteries, lighting, vaping, sports nutrition & wellness (SNW), branded distribution (mainly distribution of vape brands ElfBar and Lost Mary) and soft drinks.

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