Nichols Plc - AGM trading update
Total Group revenue for the first quarter of 2019 was £30.6m (2018: £27.8m).
International sales growth in Q1 has been strong with revenue totalling £6.5m, which is 24.4% ahead of the prior year period (Q1 2018: £5.2m). This performance was anticipated as the Middle East returned to growth following the relatively softer comparatives in Q1 2018.
In the UK, first quarter sales totalled £24.1m which was 6.8% ahead of the prior year period (Q1 2018: £22.5m).
Whilst we believe that trading conditions will remain challenging in 2019, we anticipate that full year earnings will be in line with market expectations.