(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Nightcap PLC - London-based owner of Cocktail Club, Adventure Bar and Barrio Familia chains - Posts revenue of GBP12.9 million for the second quarter of financial 2023, up 61% from GBP8 million a year earlier. For December alone, revenue amounts to GBP5.9 million, representing in a 72% increase compared to revenue of GBP3.4 million a year earlier. For the 26 weeks that ended on January 1, revenue is GBP23.2 million, up 49% from GBP15.6 million the year before. Says it has started 2023 with a portfolio of bars that continues to "prove very popular with its target customers".
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WANdisco PLC - Sheffield-based data-management software company - Says trading in the fourth quarter finished strongly following significant contract momentum with both new and exiting customers. Expects revenue for 2022 to be no less than USD24 million, up from USD7.3 million a year earlier. Bookings in 2022 jump significantly to USD127 million from USD11.9 million. "This record level was driven by significant progress in the Internet-of-Things industry vertical with a majority of contract wins under the group's commit-to-consume revenue model. A number of the one-off migration contracts won during 2022 have the potential to expand into commit-to-consume contracts during 2023," it says. Looking ahead, expects continued progress on "converting record pipeline combined with a significant ramp-up of consumption under the contracts signed in 2022, ultimately translating to recognised revenue".
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Warpaint London PLC - Buckinghamshire-based supplier of cosmetics and owner of the W7 and Technic brands - Expects sales for the full year to be about GBP64 million, exceeding previous expectations. Anticipates adjusted earnings before interest, tax, depreciation and amortisation to be about GBP11.8 million compared with GBP7.6 million the year before, and adjusted pretax profit to be about GBP10 million, compared to GBP6.9 million. Says both are ahead of expectations. Chief Executive Sam Bazini says: "We enjoyed a strong trading performance in Q4 2022 across the Group, with sales growth in the US and online being particular highlights. We were also able to improve our margins year-on-year."
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Topps Tiles PLC - Leicestershire, England-based tile seller - Says group sales in the 13 weeks to December 31 are 10% higher year-on-year, with about half of this growth due to the comparative period in 2021 being prior to the acquisition of Pro Tiler Tools. Like-for-like sales were 5.1% higher than last year. "The timing of Christmas and New Year benefited first quarter sales by about half a percentage point", it explains.
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M Winkworth PLC - London-based estate agent - Expects 2022 pretax profit to be modestly ahead of current market forecast of GBP2.3 million. "Despite the hiatus in the property market provoked by the mini budget in Q4 2022, the year as a whole saw a buoyant level of activity in both sales and rentals", it says. Chief Executive Officer Dominic Agace says: "Lettings market activity abated towards the end of 2022, but we expect it to be strong again in 2023."
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By Xindi Wei, Alliance News reporter
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Nightcap (NGHT)
Warpaint London (W7L)
Topps Tiles (TPT)
M Winkworth (WINK)