Supreme PLC on Tuesday said it expects trading for the year ended March 31 to be ‘significantly’ ahead of market expectations following ‘record’ profitable growth in the first half.

The consumer products manufacturer and supplier said revenue for the full-year is now expected between £195 million and £205 million, while adjusted earnings before interest, tax, depreciation and amortisation are seen between £28 million and £30 million.

This guidance clears market consensus, which sees the adjusted Ebitda at £25.6 million, according to Supreme. In the year ended March 31, Supreme reported an adjusted Ebitda of £19.4 million.

Supreme said its Vaping category remains a ‘key growth driver’ for the company, witnessing ‘significant’ demand from key retailers for its vaping products.

‘This increased demand combined with improved margins in our Wellness and Vaping category plus further synergistic overheads savings arising from the businesses acquired in [financial 2023] have led to an increase in the full year adjusted Ebitda expectation for the core business of around £1.5 million,’ the company said.

Shares in Supreme were up 8.3% at 107.25 pence on Tuesday morning in London.

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