Science in Sport PLC Pre-Close Trading Update (9315B)
January 16 2018 - 1:00AM
UK Regulatory
TIDMSIS
RNS Number : 9315B
Science in Sport PLC
16 January 2018
For immediate release 16 January 2018
SCIENCE IN SPORT PLC
("SiS" or the "Company")
Pre-Close Trading Update
Science in Sport plc (AIM: SIS), a leading sports nutrition
company that develops, manufactures and markets sports nutrition
products for professional athletes and sports enthusiasts, is
pleased to announce the following pre-close trading update for the
12 months ended 31 December 2017. The Group traded well in 2017 and
expects to report a full year result in line with expectations.
Sales increased 28% to GBP15.6 million in the 12 months to 31
December 2017 compared with the same period the previous year
(2016: GBP12.2 million).
Continued investment in the Company's scienceinsport.com
platform and operations resulted in a 58% increase in direct sales
year on year to GBP4.6m. Third-party Online retailers delivered
robust growth of 27% to GBP3.9m. Retail sales including
distributors outgrew the market at 13.8% to GBP7.1m.
Further development of International markets was a key focus
during the year. Growth across all International revenue was 60%
reaching GBP4.4m. Ex-plan investment was made in the USA and Italy
which has set these markets up for significant growth in 2018
following the raising of additional funding in December 2017. The
Australian business continued to perform to expectation.
Marketing investment resulted in record levels of brand
awareness and usage.
The Board remains confident of continued strong growth in 2018
and beyond. The Company intends to issue its full year results on
Wednesday 21 March 2018.
For further information:
Science in Sport plc www.scienceinsport.com
Science in Sport PLC
Stephen Moon, CEO
Elizabeth Lake, Finance Director +44 (0) 20 7400 3700
Cenkos Securities +44 (0) 20 7397 8900
Bobbie Hilliam - NOMAD and Broker
Notes for editors
About Science in Sport plc
Science in Sport plc is a leading sports nutrition company that
develops, manufactures and markets sports nutrition products for
professional athletes and sports enthusiasts. SiS is a strong brand
in the elite athlete community - in the 2016 Rio Olympics, 34
medal-winning athletes or teams used SiS products (compared with 24
in 2012).
The SiS core product ranges include: SiS GO, comprising energy
powders, isotonic gels, energy bars and hydration tablets; SiS
REGO, including protein-based recovery powders and bars; SiS
Protein, products specifically designed to contribute to athletes'
lean muscle mass growth and maintenance; SiS supplements,
comprising BCAA Perform, Creatine, Beta Alanine, L Glutamine and
SiS Immune. SiS products are sold in a range of retail channels,
including specialist sport retailers, major grocers, high street
retailers and e-commerce websites.
SiS is currently the official sports nutrition supplier to
professional cycling teams Team SKY along with national
associations British Cycling, Cycling Australia, USA Cycling, USA
Triathlon and British Triathlon. In addition, Olympians Sir Chris
Hoy MBE, and Mark Cavendish MBE are Brand Ambassadors.
SiS was founded in 1992 and is headquartered in Hatton Garden,
London. Its manufacturing facility is in Nelson, Lancashire.
SiS shares are traded on the AIM market of the London Stock
Exchange under the ticker symbol SIS.
For further information, please visit www.scienceinsport.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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