Distil PLC Trading Update (1378Z)
15 September 2015 - 11:30PM
UK Regulatory
TIDMDIS
RNS Number : 1378Z
Distil PLC
15 September 2015
15 September 2015
Distil Plc
Trading Update
Distil (AIM: DIS), owner of premium drinks brands RedLeg Spiced
Rum, Blackwoods Gin and Vodka, Blavod Black Vodka, Jago's Cream
Liqueur and Diva Vodka provides the following trading update:
At the annual general meeting in July this year we announced
that the new financial year had started well with both sales
volumes and revenues strongly ahead of prior year. We are pleased
to report a continuation of this trend, broadly in line with our
expectations, with both overall sales volumes and revenues up 26%
and 76% respectively on the same period last year. This is despite
difficult trading conditions continuing in Eastern Europe. The main
drivers of this improved performance are increased distribution in
key markets particularly UK and USA together with increased brand
marketing support. RedLeg spiced rum in particular continues to
perform strongly in the UK as it builds a broader consumer
following.
We expect to receive final approval by the US Alcohol and
Tobacco Tax and Trade Bureau (TTB) for RedLeg spiced rum by the end
of September and plan to commence shipments in early 2016.
We commenced shipment to the USA of the newly packaged Blavod
black vodka earlier this year. We are pleased to report the product
has been well received and is now being shipped to all markets.
Following the UK launch of Diva, our super premium wheat based
vodka brand, in June we have commenced shipping the product to both
export and domestic markets and remain confident that the
re-launched brand will be well received by high end retailers.
The interims results for the half year to 30 September are
scheduled for release in early November.
For further Information:
Distil PLC
-------------------------------- ---------------------------
Don Goulding Executive Chairman Tel:+44 207 352 2096
-------------------------------- ---------------------------
SPARK Advisory Partners Limited
(NOMAD)
-------------------------------- ---------------------------
Neil Baldwin Tel 0113 370 8974
Mark Brady neil.baldwin@sparkapl.com
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SI Capital (Broker)
-------------------------------- ---------------------------
Andy Thacker Tel +44 1483 413500
Nick Emerson
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About Distil
Distil Plc is quoted on the AIM market of the London Stock
Exchange. Based in Soho London, it owns and markets, both
domestically and internationally, alcoholic drinks brands in the
premium Vodka, premium Gin, Cream Liqueur and Spiced Rum sectors.
Individual brands include RedLeg Spiced Rum, Blavod Original Black
Vodka, Blackwoods Vintage Dry Gin, Blackwoods Vodka, Diva Vodka and
Jago's Vanilla Cream liqueur.
www.distilplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
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