Distil PLC Trading Update (5660N)
January 21 2019 - 1:00AM
UK Regulatory
TIDMDIS
RNS Number : 5660N
Distil PLC
21 January 2019
21 January 2019
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 report higher levels of
sales during the third quarter ending 31 December including the
important Christmas period.
Year-on-year third quarter (October to December 2018) revenues
and volumes increased by 29%, supported by a 53% increase in brand
marketing investment.
Year to date sales for the nine-month period April to December
increased 36% in revenue and 30% in volume, with marketing
investment increasing 51%.
Don Goulding, Executive Chairman of Distil, said:
"Our brands continued to perform well in Q3, growing volume and
value across all trade channels in a highly competitive market.
We increased marketing investment in promotional activity over
the Christmas period to build stronger consumer awareness, trial
and purchase of our key brands.
Early reports from major customers indicate good year-on-year
sales in the four weeks running up to Christmas, although consumers
appeared to leave many purchases and celebrations until late in the
month.
The outlook for the final quarter to 31 March 2019 remains
positive with full year out-turn expected to be in line with market
expectations."
For further Information:
Distil PLC
Don Goulding Executive Chairman Tel: +44 207 352 2096
Shaun Claydon, Finance Director
----------------------
SPARK Advisory Partners Limited
(NOMAD)
----------------------
Neil Baldwin Tel +44 20 3368 3550
Mark Brady
----------------------
Turner Pope Investments (TPI)
Ltd (Broker)
----------------------
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
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
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END
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