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Birmingham Post
Birmingham Post
Business
Jon Robinson

Sports nutrition and wellness sales almost triple for vaping specialist Supreme

Vaping specialist's sports nutrition and wellness revenue almost tripled during the first half of its financial year, according to new figures.

Supreme plc has confirmed the division's revenue jumped by 192% during the six months to the end of September 2021.

The Manchester-based vaping, lighting and batteries group also reported an overall revenue of £61m, up from the £56.3m it achieved during the same period in 2020.

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The company's pre-tax profits also rose from £6.7m to £8.4m, according to figures filed with the London Stock Exchange.

The AIM-listed group added that its vaping revenue grew by 13%.

Chief executive Sandy Chadha said: "The combination of Supreme's extensive retail relationships combined with our high volume, great value product proposition continued to underpin our strong profit performance in the first six months of trading in the current financial year.

"Our market-leading Vaping category, alongside our high growth Sports Nutrition & Wellness division, continue to outperform their respective markets - further demonstrating our ability to attract and maintain consumer demand.

"When combined with the operational developments we have implemented, including the acquisitions of Vendek and Sci-MX alongside the launches of Millions & Millions and Sealions, this has been an important period for our business, as we continue to leverage our unique capabilities and integrated approach to accelerate performance.

"The second half of the current financial year has started well and our established business model, alongside our diverse product portfolio, provides the board with confidence in the group delivering a good performance in the second half and beyond."

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