NWF says results to be ‘significantly ahead’

Shares of Chesire-based NWF Group plc, the business that delivers fuel, food and agricultural feeds across the UK, rose about 5% after it published a further trading update for the current year ending May 31, 2022.

NWF said its full year result are now likely to be “significantly ahead” of the board’s previously upgraded expectations.

The company said: “Further to the trading update of 31 March 2022, the group continued to experience exceptional trading conditions in the fuels business, with very significant short-term volatility in oil prices and a supply constrained UK fuel market.

“As a result, performance during the final quarter of the year, to date, has been materially stronger than anticipated with the full year result now likely to be significantly ahead of the board’s previously upgraded expectations.”

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