No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Applied Nutrition posted a jump in sales and profits on Monday, boosted by strong demand for its diet supplements.
Revenues at the firm, which specialises in the health, wellness and sports segments, jumped 24% to 107.1m in the year ending 31 July. Pre-tax profits were 17% stronger at 28.5m.
Applied Nutrition said it had benefited from an expanded global footprint, after it entered new markets in Latin America and Asia, as well as new products.
Supplements launched during the year included Vimto-flavoured gels and hydration products and a sparkling collagen protein water.
Thomas Ryder, chief executive, said: "The performance reflects the strength of our strategy, disciplined execution and growing traction in the market.
"We have deepened our relationships with existing customers and secured new customers across both existing and new geographies, all while continuing broadening ranges, formats and flavours."
Looking to current trading, Applied Nutrition - which debuted on the London market just over a year ago - said: "The strong acceleration in sales growth in the final quarter has continued into the first quarter of the new financial year.
"We move into the 2026 full-year with positive trends in market share across clear channels, with a clear opportunity to capture further share in both the UK and internationally."
It left guidance unchanged, however. "While the trajectory of the business remains encouraging with a strong first quarter, it is still early in the financial year," it noted.
Peel Hunt, which has a 'hold' rating on the stock, upgraded its own forecasts for both profits and revenues following the results.
It said: "The group has set out plans for a number of investment opportunities to take sales capacity beyond 300m, including new machinery and expansion into a new HQ and distribution centre adjacent to the current site.
"Applied Nutrition continues to scale quickly, with continued upside pressure on forecasts."
As at 1000 GMT, shares in Applied Nutrition were off 2% at 179p.