Rapid Nutrition PLC a natural wellness company focused on organic wholefood-based nutrition and science-based herbal products, announced the following trading update ahead of the publication of its Interim Results for the period ended 30 June 2020, scheduled to be released on 30 September 2020.
Even during a global pandemic, the company continues to realize strong market demand for health supplements, with its flagship brand SystemLS™ in particular, including a variety of organic and natural high-protein vegan shakes, superfoods, whey protein, metabolism boosters and high-fiber bars.
2020 Interim Financial Highlights
Financial highlights for the period to date include:
Interim 2020 Operational Highlights
Noteworthy annual highlights for Rapid Nutrition for the period in review include:
Management Commentary
On Jan. 1, 2020, few prognosticators would have predicted the direction the year was to take. In the wake of Covid-19, Rapid Nutrition has performed with innovation and inspiration to deliver impressive results and outcomes.
The work delivered over the interim period will guide and inform the months to come, laying a foundation for an anticipated strong six months. As an example, Rapid Nutrition’s Sydney retail store initially faced reduced revenue following lost foot traffic. However, since we offer a multi-channel distribution approach, we were able to quickly adapt during the lockdown orders to optimize online direct-to-consumer channels to not only sustain revenue, but to bolster revenues compared to the same period last year.
“I am incredibly proud of our management team’s resilience and ability to quickly adapt to conditions out of our control to ensure the company’s continued growth and strength,” said Rapid Nutrition CEO Simon St. Ledger. “We were fortunate to have such an experienced team during challenging times to continue to steer our company in a positive direction.”
The senior leadership team and the Rapid Nutrition board have been working diligently side by side to continually create shareholder value by increasing visibility and viability. Rapid Nutrition continues to invest heavily in its team, intellectual property and product offerings, particularly in the cold and flu category and the rapidly growing vegan category.
Moreover, Rapid Nutrition is well-positioned within the industry moving into the next quarter and eventual post-Covid, where demand for health supplements is likely to remain at an all-time high with consumers who are more mindful than ever of the importance of health, wellness and immunity.
“In truth, the most exciting aspect of these results is the potential for even more growth. As we continue to scale our global distribution model, management team and IP in trending categories, we anticipate increased product demand and global reach,” St. Ledger added.
As Rapid Nutrition continues to expand markets, operations and distribution for its award-winning nutraceutical brands, it will bolster its marketing initiatives into retail stores as well as digital assets to capitalize on its direct-to-consumer channel with the release of a high-quality video series of quick and easy recipes created by a celebrity chef that use SystemLS products to support healthy eating habits. With the expansion into new markets and new products, the company expects to grow sustainably to support its continued growth strategy organically and by introducing new products into its established distribution pipelines.
The interim financials will be published on the company’s website on 30 September 2020.
About Rapid Nutrition PLC
Rapid Nutrition PLC: Dedicated to the development and distribution of premium, science-based health and wellness brands across the globe, Rapid Nutrition shares a wealth of award-winning products with consumers who are passionate about innovations that are “made by nature, refined by science.” Rapid Nutrition’s first-class scientific team matches the experience of its management team to keep both the company and consumers on top of the latest industry trends and developments, while aligning with industry leaders worldwide to deliver effective supplements and solutions. For more information, please visit http://rnplc.com
Investor Relations Contact:
ir@rnplc.com