Distil PLC Trading Update (3772K)
July 07 2017 - 1:00AM
UK Regulatory
TIDMDIS
RNS Number : 3772K
Distil PLC
07 July 2017
7 July 2017
Distil Plc
Trading update
Distil plc (AIM: DIS), owner of premium drinks brands RedLeg
Spiced Rum, Blackwoods Gin and Vodka, Blavod Black Vodka, Jago's
Cream Liqueur and Diva vodka is pleased to provide an update on
trading for the first quarter of its current financial year.
We are pleased to report further strong growth in sales volumes
and revenues during the first quarter (April - June 2017) in line
with our expectations.
Unaudited year-on-year first quarter revenues rose by 61% and
volumes grew by 81%. Sales in this first quarter include Easter
promotional sales appearing in April compared to prior year when
they appeared in March. To remove this phasing imbalance, we also
update the six-month performance figures to 30 June 2017; year on
year revenues during this period rose 46% and volumes increased by
53%.
Don Goulding, Executive Chairman of Distil, said:
" We enjoyed another excellent period of year on year growth
driven mainly through sales of RedLeg Spiced Rum and Blackwoods
Gin.
Our 81% volume growth ahead of sales revenue growth in the
quarter largely reflects a significant 136% increase in our Blavod
licensed sales, mainly through Eastern Europe and Duty Free. We
remain cautious about this region due to the volatility over recent
years. It is, however, the sixth month of strong, continuous growth
with the cumulative calendar year tracking 106% up year on
year."
For further Information:
Distil PLC
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Don Goulding Executive Tel: +44 207 352 2096
Chairman
Shaun Claydon, Finance
Director
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SPARK Advisory Partners
Limited (NOMAD)
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Neil Baldwin Tel +44 113 2366 266
Mark Brady / 2268
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SI Capital (Broker)
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Andy Thacker Tel +44 1483 413500
Nick Emerson
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About Distil
Distil Plc is quoted on the AIM market of the London Stock
Exchange. It owns drinks brands in a number of sectors of the
alcoholic drinks market. These include premium spiced rum, vodka,
gin, vodka vanilla cream liqueur and are called RedLeg Spiced Rum.
Blackwoods Vintage Gin, Blackwoods Vodka, Blavod Original Black
Vodka, Diva Vodka and Jago's Vanilla Cream Liqueur.
www.distilplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
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