Follow us

NWF Group (NWF)

NWF final results 2016

03 August 2016

Richard Whiting, CEO

Updates on FY results, with PTP up 2.5% and EPS up 3%, all achieved with lower revenues, reflecting lower commodity costs, which doesn’t affect profits. The dividend is increased by 5%.
CAPEX investment and 3 acquisitions has cost £10m, although debt is still only 9.9m (less that 1xEBITDA), due to NWF’s strong cash generation.

Achievement across each division:
1. Feeds increased volumes and market share
2. Foods at capacity, added repacked work
3. Record fuel volumes

Market conditions have been difficult – dairy farmers have faced low milk prices; food distribution is competitive; the warm autumn and winter meant less demand for heating oil – however, in spite of this growth has been achieved.

Whiting runs through each division, outlining the challenges and opportunities; and where the acquisitions fit in.
Brexit: hasn’t had much impact to date; and NWF don’t anticipate any implications.

Ultimately, NWF has strong management, who spot growth opportunities, with the asset backing to take advantage of them. Highly focussed on good cash generation and optimising share holder returns.

NWF are trading in line with expectations for the first two months of new financial year; and the increase in dividend highlights the confidence in the future for the group.


Presentation slides can be viewed here (a new window will open).


Listen on the go


PIWORLD provides investors with the latest news and insight about listed companies and their management through either live or recorded investor presentations, management interviews, Capital Market Days and corporate overviews, together with interviews with leading fund managers or esteemed private investors in the small cap world.

Our Services

PIWORLD delivers high quality audio and video content to present anything from full-year & interim results to Capital Markets Days and corporate overviews. We bridge the gap between listed companies and the private investor community, who drive the share price and provide liquidity, providing a time and cost effective medium to reach this diverse and important audience.