Stock Spirits Group PLC Pre-Close Trading Update (2761B)
January 09 2018 - 1:00AM
UK Regulatory
TIDMSTCK
RNS Number : 2761B
Stock Spirits Group PLC
09 January 2018
9 January 2018
STOCK SPIRITS GROUP PLC
Pre-Close Trading Update
Stock Spirits Group PLC ("the Company"), a leading owner and
producer of premium branded spirits and liqueurs that are
principally sold in Central and Eastern Europe, today provides a
pre-close trading update for the full-year ended 31 December
2017.
Overall trading since the half-year results announced in August,
and therefore for the full-year ended 31 December 2017, was
slightly ahead of our expectations.
Together, the markets of Poland and the Czech Republic deliver
some three-quarters of our revenue. These markets continued to show
growth in both volume and value terms (source: Nielsen YTD November
2017).
Our Polish business has performed well, and is making progress
towards our strategic priorities despite trading conditions that
continue to be highly competitive. We are also pleased with the
results of our Czech business.
Group cash flow for the year was strong, resulting in net debt
at 31 December 2017 of circa EUR53m (2016: EUR60m).
The Company will announce its full-year results for the year
ended 31 December 2017 on Wednesday 7 March 2018, when it will
provide a more detailed update on trading and performance during
the year across its key markets.
ENDS
For further information
Stock Spirits Group PLC:
Paul Bal, Chief Financial
Officer +44 (0) 1628 648 500
Powerscourt:
Rob Greening
Lisa Kavanagh +44 (0) 20 7250 1446
A copy of this announcement has been posted on
www.stockspirits.com. Investors can also address any query to
investorqueries@stockspirits.com
About Stock Spirits Group
Stock Spirits is one of Central and Eastern Europe's leading
branded spirits and liqueurs businesses, and offers a portfolio of
products that are rooted in local and regional heritage. With core
operations in Poland, the Czech Republic, Slovakia, Italy, Croatia
and Bosnia & Herzegovina, Stock also exports to more than 40
other countries worldwide. Global sales volumes currently total
over 100 million litres per year.
Stock has state of the art production facilities in Poland and
the Czech Republic, and its core brands include products made to
long-established recipes such as Stock 84 brandy, Fernet Stock
bitters and Limonce, as well as more recent creations like Stock
Prestige and Zoladkowa de Luxe vodkas.
Stock is listed on the main market of the London Stock Exchange.
For the year ended 31 December 2016 it delivered total revenue of
EUR261.0m and operating profit of EUR40.1m.
For further information, please visit www.stockspirits.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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