Shares of Supreme Plc SUP.L climb as much as 12.9% to 118p, their highest since July 4, 2022.
The manufacturer and supplier of fast-moving consumer products sees FY24 trading to be “significantly ahead” of current consensus, partly helped by a new distribution contract for vaping brands ElfBar and Lost Mary.
The company expects to generate 25 mln-30 million pounds of revenue and around 2 million pounds of incremental adjusted core profit for FY24 from vaping distribution agreement.
Supreme plc (LON:SUP) is Europe’s leading manufacturer, brand owner, licencee and distributor of batteries, lighting, vaping and light fittings. We are also a leading name in sports nutrition, wellness and household products.