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Science in Sport PLC - London-based sports nutrition company - Expects revenue of £63.5 million for 2022, up 1.5% from £62.7 million a year ago. Says it performed broadly in line with expectations.
Science in Sport says it recorded a stronger margin in the second half of the year due to the new Blackburn site delivering ‘significant logistics efficiencies, coupled with the delivery of sustainable cost savings across the business’. Looking ahead, the company says it is optimistic about 2023 prospects. Says retail in all regions is in line with expectations for growth, and that the UK had a ‘strong start to the year’.
Back in September, the company reported pretax loss of £7.2 million in the first half ended June 30, widened from £2.9 million a year before. This was despite higher revenue, which was up by 10% to £32.3 million from £29.3 million.
Current stock price: 13.05 pence each, up 4.4% on Wednesday around midday
12-month change: down 78%
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