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Applied Nutrition flags strong first-half performance
(Sharecast News) - Applied Nutrition said on Tuesday that it delivered a strong first-half performance, with revenue rising sharply and full-year guidance upgraded following robust demand across its retail channels. For the six months ended 31 January, revenue increased 57% to £74.5m from £47.6m a year earlier.
The FTSE 250 group said EBITDA for the period was ahead of management expectations.
Performance was driven by strong retail orders entering the peak January health and fitness period, with customer stock levels significantly above expectations following diversification across UK high street health retailers, grocers and discounters.
The company noted that accelerated demand for several first-half product launches, combined with elevated retail orders, was expected to result in a more first-half-weighted revenue profile than in prior years.
Reflecting the stronger-than-expected start to the year, management said it now anticipated 2026 results would be ahead of updated market consensus expectations.
The group currently expected full-year revenue of approximately £140m, compared with prior consensus forecasts of £133.5m in revenue and £37.7m in adjusted EBITDA.
Applied Nutrition said it would report interim results for the six months ended 31 January on 23 March.
At 1026 GMT, shares in Applied Nutrition were up 6.83% at 258p.
Reporting by Josh White for Sharecast.com.
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