Actualización comercial y aviso de resultados finales
12 de marzo de 2024
volvere plc
(el "Grupo" o "Volvere")
Actualización comercial y aviso de resultados finales
Volvere plc (AIM: VLE), la empresa de inversión en crecimiento y recuperación, se complace en provide the following trading update for the financial year ended 31 December 2023. All data in this announcement is unaudited, although the comparative information for the year ending 31 December 2022 has been extracted from audited data for that year.
In line with the prior year, Shire Foods Limited ("Shire"), the Group's 80 per cent. owned frozen pastry products manufacturer, was the Group's principal trading subsidiary and, along with the Group's central activities, represents the Group's continuing operations. In 2022 the Group closed Indulgence Patisserie Limited ("Indulgence") and its results are reported as discontinued operations, net of associated tax.
Activos netos del grupo por acción y activos netos
El Grupo espera informar activos netos consolidados por acción al final del año (excluyendo las participaciones no controladoras) de aproximadamente £14.82 (31 de diciembre de 2022: £13.90) y activos netos del Grupo de aproximadamente £37.50 millones (31 de diciembre de 2022: £35.75 millones) .
During the year all properties associated with the Indulgence business were sold for a total consideration (net of costs) of £2.25 million (31 December 2022: carrying value £2.10 million), increasing the Group's cash. Cash and available for sale investments represented approximately £23.74 million (31 December 2022: £20.79 million) of the Group's net assets.
Rendimiento Financiero
The improvement in the Group's net assets per share and cash position reflects improved trading in Shire, increased income from treasury management activities and a gain on the sale of properties formerly used by Indulgence. The Group expects overall profit before tax and profit after tax for the year to be £4.75 million and £3.61 million respectively (2022: loss before and after tax £0.06 million).
Revenue from continuing operations was approximately £42.95 million (2022: £38.03 million) and profit before tax was £3.64 million (2022: beneficio before tax of £2.33 million). This is inclusive of Shire's profit before tax, intra-Group interest and management charges*, which was £3.86 million (2022: £2.78 million).
Revenue from discontinued operations was approximately £0.10 million (2022: £3.53 million) and profit (after associated tax) and before intra-Group interest and management charges* was £1.12 million (2022: pérdida of £2.39 million). This result reflects the gain on disposal of the former Indulgence properties.
Outlook
Whilst 2023 was not a year without its challenges at both a corporate and trading level, we are pleased with the financial performance of the Group during the period.
2024 will see the impact of another minimum wage increase and increased energy costs in Shire. We are working to ensure our margins reflect these, whilst balancing the need to keep pricing sufficiently keen to avoid material volume reductions. We have been encouraged, however, by the levels of new business opportunities we are seeing in Shire and remain cautiously optimistic for the remainder of the year.
Compared to 2022, we have seen an increase in the quality and quantity of potential investment opportunities. We are assessing possible transactions, including those that are complementary to Shire. More broadly, we are focused on enhancing shareholder value and, inter alia, continue to monitor and review our ongoing requirements in terms of the cash required to deliver our strategy.
* profit before intra-Group interest and management charges is considered to be a relevant, useful interpretation of the trading results of the business such that its performance can be understood on a basis which is independent of its ownership by the Group.
Aviso de resultados finales
Volvere espera anunciar sus resultados anuales completos para el año finalizado el 31 de diciembre de 2023 alrededor del 24 de mayo de 2024.
Este anuncio contiene información privilegiada para los propósitos de la Regulación de Abuso del Mercado del Reino Unido y los Directores de la Compañía son responsables de la publicación de este anuncio.
Para mayor información:
volvere plc Nick Lander, cofundador y director www.volvere.es |
Tel: + 44 (0) 1926 335700 |
Cairn Financial Advisers LLP (Asesor Nominado) Sandy Jamieson y James Caithie |
Teléfono: + 44 (0) 207 213 0880 |
Canaccord Genuity Limited (conjunto Broker) Bobbie Hilliam/Alex Aylen |
Teléfono: + 44 (0) 207 523 8000 |
Hobart Capital Markets LLP (Conjunto Broker) Lee Richardson |
Teléfono: + 44 (0) 207 070 5691 |
Notas para los editores:
Volvere plc (AIM: VLE), is a growth and turnaround investment company. The Group's sole current trading activity is food manufacturing. The Group currently employs approximately 270 people.
Para más información, visite www.volvere.es.
Declaraciones a futuro:
Este anuncio puede contener ciertas declaraciones sobre las perspectivas futuras de Volvere plc. Aunque los directores creen que sus expectativas se basan en suposiciones razonables, cualquier declaración sobre las perspectivas futuras puede verse influenciada por factores que podrían causar que los resultados reales sean sustancialmente diferentes.
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