Merseyside-based Vimto maker Nichols plc said current financial year trading remains in line with management expectations. In the medium term, it said it is targeting growth well above current expected levels. 

The company said its “ambition is to deliver” total annual revenues of at least £225 million. That is 30% above the consensus of £172.6 million for 2024. It said it is targeting annual profit before tax of at least £45 million. That compares with the consensus estimate of £30.2 million for 2024. 

Andrew Milne, Chief Executive of Nichols, said: “The delivery of our medium-term financial ambition for creating shareholder value will be underpinned by our proven approach to innovation, focus on growing distribution in existing markets, expanding into new geographies, and investing in our brands. We are very excited by and confident in the growth opportunities that lie ahead.”