AIM WINNERS & LOSERS: EnSilica wins Siemens deal; Fevertree loses fizz

Thu, 12th Sep 2024 10:06

(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday.

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AIM - WINNERS

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EnSilica PLC, up 8.0% at 52.90 pence, 12-month range 29.00p-75.75p. The Oxfordshire, England-based chip maker of mixed signal application specific integrated circuits is awarded a design and supply contract by Siemens AG. The contract begins in 20245, with an initial production phase expected to start in the fourth quarter of 2027. "The contract supports current market expectations for this financial year and next," EnSilica adds.

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Atlantic Lithium Ltd, up 6.5% at 13.12p, 12-month range 12.00p-30.36p. The African-focused lithium exploration and development company is granted an environmental permit for the Ewoyaa project in Ghana. Atlantic Lithium labels the development a "major step towards the construction of Ghana's first lithium mine".

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AIM - LOSERS

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Fevertree Drinks PLC, down 10% at 772.50p, 12-month range 770.00p-1,331.00p. Shares hit this 12-month low on Thursday. It lowers sales guidance as poor weather contributed to below par first-half results. In the six months ending June, the London-based maker of carbonated mixers says revenue fell 1.5% to GBP172.9 million from GBP175.6 million a year prior. Pretax profit, however, jumps to GBP13.2 million from GBP1.4 million. Cost of sales were 8.9% lower at GBP110.9 million from GBP121.8 million. The firm explains it has made a "strong start to the second half of the year across all of our regions". It expects to deliver Fever-Tree brand revenue growth of 7% to 10% on-year in the half, giving it growth of 4% to 5% for the whole of 2024. It had previously expected yearly growth of 10%.

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By Eric Cunha, Alliance News news editor

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