Manchester-headquartered vaping specialist Supreme plc's revenue surged by a third to more than £120m during its latest financial year, new figures have confirmed.
The listed group, which also supplies lighting and batteries, has reported a revenue of £122.3m for the 12 months to March 31, 2021, a rise of 33% from the £92.3m it achieved in the prior year.
Supreme's pre-tax profits remained solid at £13m over the same time, compared to £13.2m in the period to the end of March 2020.
In a statement issued to the London Stock Exchange's AIM, the group said its results were due to "strong organic growth across all key categories coupled with encouraging performances from the recent acquisitions".
The group added that the strongest sales growth was generated in the two highest margin categories with vaping rising 36% and sports nutrition and wellness posting a 38% uplift.
The full-year results are the first the group has reported on AIM after floating in February 2021.
Chief executive Sandy Chadha said: "Supreme performed very strongly in the year ended 31 March 2021, as reflected by the 21% increase in adjusted EBITDA that we achieved, underpinned by solid trading across all of our key categories.
"I am also extremely proud of the Supreme team and their response throughout the pandemic.
"Without their hard work and dedication, our trading performance would simply not have been possible.
"The management team has big ambitions to deliver sustained growth and further leverage the platform we have built at Supreme, including its status as a quoted company.
"There are clear and very exciting opportunities that exist for our business, particularly in categories like sports nutrition and wellness and vaping, and I look forward to providing further updates in due course as we capitalise on these.
"We have made a good start to the current financial year and look to the future with confidence."
