Merseyside-based Applied Nutrition plc, the sports nutrition, health, and wellness brand, said on Monday it acheived revenue of £47.6 million in the six months to January 31, “comfortably ahead of guidance provided at the time of IPO of £46.0 million, providing a strong underpin for the full year guidance of £100 million.”
Applied Nutrition went public in October last year.
“Trading since the half year end remains strong, and we delivered record revenues in March providing a further underpin to the full year revenue guidance of £100m,” said the company.
Applied Nutrition said that in the “medium term” the group “does not expect to be materially impacted by changing US tariffs.”
It said: “The group has a number of options open to it to mitigate impact such as moving production of liquid products currently produced in the UK to being manufactured in the US.”
Applied Nutrition CEO Thomas Ryder said: “We are pleased to have announced a positive set of maiden results, ahead of what we said we would do at the time of IPO, with the company delivering strong growth, expanding globally, and driving innovation in our industry.
“This has been a period of significant milestones and progress – our IPO in October, launching our first TV advert to promote our products starring Coleen Rooney, developing relationships with exciting new customers, and expanding into new geographies. The interest in our brand since our IPO has reached new heights and we are very grateful for the strong support we have received from our customers, partners and shareholders.
“Our ambition remains as strong as ever and this has underpinned the strong growth and strategic progress we have achieved in the period – expanding our presence with our current customers, winning new customers, entering new geographies and creating new products that, most importantly, our customers love. This hard work positions us well for the future, and I would like to thank our team for their relentless enthusiasm, commitment and delivery.
“We have set a strong foundation for the second half and beyond. We have the right ingredients to deliver on the broad range of opportunities ahead of us and remain committed to delivering our vision of being the world’s most trusted and innovative sports nutrition, health and wellness brand.”