Distil PLC RedLeg listed in major UK pubchain; trading update (5294L)
April 20 2018 - 1:00AM
UK Regulatory
TIDMDIS
RNS Number : 5294L
Distil PLC
20 April 2018
20 April 2018
Distil Plc
RedLeg listed in major UK pub chain
and
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 announce that another
leading pub chain with national coverage has listed RedLeg Spiced
Rum for its outlets, further increasing the brand's presence and
availability throughout the UK.
We are also pleased to report continued strong growth in sales
volumes and revenues during the fourth quarter (January - March
2018). Unaudited year-on-year fourth quarter revenues rose by 28%
and volumes grew by 37%. Growth in volumes ahead of revenues
reflect the continued growth in Licensed sales for Blavod Black
Vodka, mainly through Europe and Duty free.
The Company anticipates full year performance for year ended 31
March 2018 to be in line with market expectations and we look
forward to reporting our audited full year results in June
2018.
Premium gin continues to remain buoyant and Blackwoods gin is
enjoying strong growth especially in the UK with a very positive
response from the trade and consumers to our 2017 Vintage.
RedLeg Spiced Rum volumes and revenues continue to grow ahead of
the market and showed excellent progress across both On Trade and
retail markets.
Blavod Black Vodka sales volumes showed further good growth
during the quarter, mainly through Duty Free and Eastern
Europe.
Distil will be attending the UK Investor Show at the Queen
Elizabeth II Centre, London on Saturday 21 April. Attendees can
meet Directors and representatives of the Company at Stands 77
& 78 on the day.
Don Goulding, Executive Chairman of Distil, said:
"Our key brands enjoyed very good growth year on year during Q4.
We continue to focus on brand building activities supported by
distribution gains and are pleased with the excellent progress made
to date.
We are delighted with the response to our new premium packaging
and 2017 Vintage for Blackwoods Gin.
We expect premium spirits to continue to outperform the overall
spirits market and are confident that our brands remain well
positioned within their respective category."
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 20 3368 3550
Mark Brady
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Turner Pope Investments
(TPI) Ltd (Broker)
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Andy Thacker Tel +44 20 3621 4120
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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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