Distil PLC Trading Update (2373A)
January 20 2020 - 1:00AM
UK Regulatory
TIDMDIS
RNS Number : 2373A
Distil PLC
20 January 2020
20 January 2020
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 2019, including
the important Christmas period.
Year-on-year third quarter (October to December) revenues
increased by 7%, supported by continued levels of up weighted
marketing investment.
As anticipated in our Interim Statement, year to date sales for
the nine-month period April to December decreased 13% in revenue
and volume, with marketing investment rates maintained.
Don Goulding, Executive Chairman of Distil, said:
"Our key brands performed well in Q3, growing volume and value
in a highly competitive and changing market place.
We maintained our increased levels of investment in marketing
and promotional activity over the Christmas period and enjoyed
strong customer support especially in Rum which increased volumes
by 16% despite intense competition. This was partially offset by
reduced volume in gin caused by changes in retailer listings as
previously reported.
The outlook for the final quarter to 31 March 2020 remains
positive with full year profit out-turn expected to be ahead of
last year and broadly in line with market expectations"
For further Information:
Distil PLC
Don Goulding Executive Tel: +44 207 352
Chairman 2096
Shaun Claydon, Finance
Director
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SPARK Advisory Partners
Limited (NOMAD)
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Neil Baldwin / Mark Tel +44 20 3368
Brady 3550
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Turner Pope Investments
(TPI) Ltd (Broker)
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Andy Thacker/ Zoe Alexander Tel +44 203 657
0050
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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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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