Archived article
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The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Nightcap PLC - London-based owner of Cocktail Club, Adventure Bar and Barrio Familia chains - Posts revenue of £12.9 million for the second quarter of financial 2023, up 61% from £8 million a year earlier. For December alone, revenue amounts to £5.9 million, representing in a 72% increase compared to revenue of £3.4 million a year earlier. For the 26 weeks that ended on January 1, revenue is £23.2 million, up 49% from £15.6 million the year before. Says it has started 2023 with a portfolio of bars that continues to ‘prove very popular with its target customers’.
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WANdisco PLC - Sheffield-based data-management software company - Says trading in the fourth quarter finished strongly following significant contract momentum with both new and exiting customers. Expects revenue for 2022 to be no less than $24 million, up from $7.3 million a year earlier. Bookings in 2022 jump significantly to $127 million from $11.9 million. ‘This record level was driven by significant progress in the Internet-of-Things industry vertical with a majority of contract wins under the group’s commit-to-consume revenue model. A number of the one-off migration contracts won during 2022 have the potential to expand into commit-to-consume contracts during 2023,’ it says. Looking ahead, expects continued progress on ‘converting record pipeline combined with a significant ramp-up of consumption under the contracts signed in 2022, ultimately translating to recognised revenue’.
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Warpaint London PLC - Buckinghamshire-based supplier of cosmetics and owner of the W7 and Technic brands - Expects sales for the full year to be about £64 million, exceeding previous expectations. Anticipates adjusted earnings before interest, tax, depreciation and amortisation to be about £11.8 million compared with £7.6 million the year before, and adjusted pretax profit to be about £10 million, compared to £6.9 million. Says both are ahead of expectations. Chief Executive Sam Bazini says: ‘We enjoyed a strong trading performance in Q4 2022 across the Group, with sales growth in the US and online being particular highlights. We were also able to improve our margins year-on-year.’
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Topps Tiles PLC - Leicestershire, England-based tile seller - Says group sales in the 13 weeks to December 31 are 10% higher year-on-year, with about half of this growth due to the comparative period in 2021 being prior to the acquisition of Pro Tiler Tools. Like-for-like sales were 5.1% higher than last year. ‘The timing of Christmas and New Year benefited first quarter sales by about half a percentage point’, it explains.
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M Winkworth PLC - London-based estate agent - Expects 2022 pretax profit to be modestly ahead of current market forecast of £2.3 million. ‘Despite the hiatus in the property market provoked by the mini budget in Q4 2022, the year as a whole saw a buoyant level of activity in both sales and rentals’, it says. Chief Executive Officer Dominic Agace says: ‘Lettings market activity abated towards the end of 2022, but we expect it to be strong again in 2023.’
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By Xindi Wei, Alliance News reporter
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