Supreme Plc have announced final dividend, subject to shareholder approval at the Annual General Meeting on the 15 September 2022, 3.8 pence per share. This will be paid on 30 September 2022 to shareholders on the register at the close of business on 2 September 2022. The ex-dividend date will be 1 September 2022.
The Group paid an interim dividend of 2.2 pence per share, which together with the final dividend take total dividends for the year to 6.0 pence per share.
Other Financial Highlights Include:
Revenue growth of 7%, underpinned by new customer momentum and earnings enhancing acquisitions. Most notably:
- Vaping revenue growth of £4.1 million (10%)
- Sports Nutrition & Wellness revenue growth of £9.0 million (132%).
Further gains in gross margin, growing to 29.4% (FY21: 27.0%) driven by an increased propensity for manufacturing across the Group and a focus on higher margin business.
The Balance Sheet remains strong with net assets of £32.3 million (FY21: £18.8 million) and net debt of £4.0 million at the end of FY22 (FY21: £7.6 million), alongside a new £25 million RCF facility with HSBC in March 2022 for acquisitions.
