Nichols PLC 2019 Trading Update (2166Z)
January 09 2020 - 1:00AM
UK Regulatory
TIDMNICL
RNS Number : 2166Z
Nichols PLC
09 January 2020
Date: Embargoed until 0700 Thursday 9 January 2020
Contacts: Marnie Millard, Group Chief Executive Officer
Tim Croston, Group Chief Financial Officer
Andrew Milne, Group Chief Operating Officer
Nichols plc
Telephone: 01925 222 222
Website: www.nicholsplc.co.uk
Alex Brennan/ Hattie Richard Lindley/ Rachel Hayes
Dreyfus
Hudson Sandler N+1 Singer (Nominated Adviser
and Broker)
Telephone: 020 7796 Telephone: 0207 496 3000
4133 Website: www.n1singer.com
Email: nichols@hudsonsandler.com
Nichols plc
(the "Company" or "Group")
Trading update
Nichols plc, today issues the following trading update for the
year ended 31 December 2019.
We are pleased to report that the Group's revenue increased by
3.6% to GBP147.2m for the year. This performance was delivered
across the Group with all three areas of the business showing
growth, which once again reflects the benefits of our strong
diversified operating model.
UK sales totalled GBP117.7m, 2.7% ahead of the prior year.
Within the UK, Vimto brand sales grew by 0.8% against a very strong
prior year comparative (12.9%) and in line with the overall soft
drinks market (+0.7% Nielsen YTD 30 Nov 2019). Elsewhere in the UK,
Out of Home sales were GBP45.7m, an increase of 8.4% compared to
the prior year. This performance was driven by the acquisition of
Adrian Mecklenburgh Limited (acquired February 2019) and new sales
of the ICEE brand (frozen beverage) in the second half of the
year.
Revenue in our international markets grew by 7.5% to GBP29.5m.
Sales to the Middle East were GBP11.6m, an increase of 20.6% in
comparison to softer prior year comparatives.
In summary, the Board is very pleased with the Group sales
performance and we currently anticipate full year Profit Before Tax
to be in line with market expectations.
The outlook for 2020 remains in line with the Trading Update
reported 23 December 2019.
John Nichols, Chairman of Nichols plc commented:
"We are pleased with the sales performance in 2019 reflecting
growth across all three areas of our business. The Vimto brand has
again performed very well in the UK, despite strong prior year
comparatives.
"Underpinned by the Group's diversified business model, strong
brands and successful track record, the Board remains confident of
Nichols Plc's long-term progress."
Notes to Editors:
Nichols plc is an international soft drinks business with sales
in over 85 countries, selling products in both the Still and
Carbonate categories. The Group is home to the iconic Vimto brand
which is popular in the UK and around the world, particularly in
the Middle East and Africa. Other brands in its portfolio include
Feel Good, Starslush, ICEE, Levi Roots and Sunkist.
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END
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