Science in Sport PLC Half Year Trading Update (0832V)
July 19 2018 - 1:00AM
UK Regulatory
TIDMSIS
RNS Number : 0832V
Science in Sport PLC
19 July 2018
19 JULY 2018
SCIENCE IN SPORT PLC
("SiS" or the "Company")
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 its trading update for the six months ended 30
June 2018.
Sales for the period grew 20% year on year ('YOY') to GBP9.94m
(2017: GBP8.27m). Growth was underpinned by a strong performance in
International markets, with 53% improvement YOY to GBP3.4m,
including new markets as we continue to invest in the USA, Italy
and Australia in line with our stated strategy. Despite the impact
of the planned investment in a new e-commerce platform affecting
two months, online channels grew 25% in the period and finished
strongly, with 44% YOY growth for June and our scienceinsport.com
business growing at 63% over the same period, with all key trading
metrics well ahead of last year. Tough trading conditions in UK
retail resulted in a 3% decline YOY, although we gained new
customers and distribution towards the end of the period, which
gives us confidence for the second half.
We closed the half with a record trading month across the
business, generating sales of GBP2.22m (33% YOY) in June.
The Board remains confident in its outlook for the full year and
beyond.
The Company will issue its Interim Results on Thursday 20
September.
For further information:
Science in Sport PLC +44 (0) 20 7400 3700
Stephen Moon, CEO
Elizabeth Lake, Finance Director
Cenkos Securities - NOMAD and Broker +44 (0) 20 7397 8925
Max Hartley
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 shots; SiS REGO, including
protein-based recovery powders; SiS Protein, products specifically
designed to contribute to athletes' lean muscle mass growth and
maintenance; SiS Supplements, comprising BCAA Perform, Creatine,
Beta Alanine and L Glutamine; SiS Athlete Health, vitamins and
supplements range designed to support and maintain immune function,
digestive health and bone health. 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 partner to
professional cycling organisations Team SKY, British Cycling,
Cycling Australia and USA Cycling. SiS is also a partner to British
Triathlon and Rock n Roll Marathon Series. Along with supplying
over 60 professional English & Scottish League football teams,
SiS is Sports Nutrition Partner to the world's most popular
football club, Manchester United FC. In addition, Olympians Sir
Chris Hoy MBE, Mark Cavendish MBE and Adam Peaty 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 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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