Distil PLC Trading Update (4798T)
04 July 2018 - 4:00PM
UK Regulatory
TIDMDIS
RNS Number : 4798T
Distil PLC
04 July 2018
4 July 2018
Distil Plc
Trading update
Distil plc (AIM: DIS), owner of premium drinks brands RedLeg
Spiced Rum, Blackwoods Gin and Vodka, Blavod Black Vodka, Jago's
Cream Liqueur and Diva Vodka, is pleased to provide and update on
trading for the first quarter of its current financial year.
Unaudited year-on-year first quarter (April - June 2018)
revenues increased by 27% and volumes increased by 21%.
Due to Easter falling in April last year, sales in the first
quarter of 2017 included Easter promotional activity whereas much
of the Easter sales in 2018 came through in March. To remove this
phasing imbalance, we are also providing the unaudited six-month
performance figures to 30 June 2018; year on year revenues
increased 28% and volumes increased 27% over this six-month
period.
Don Goulding, Executive Chairman of Distil, said:
"Growth momentum of our key brands continues at a healthy pace,
supported by marketing and promotional activities at the point of
sale. The gin and rum markets remain buoyant. Our brand performance
within these categories is strong and in line with our
expectations."
For further Information:
Distil PLC
Don Goulding Executive Chairman Tel: +44 203 300 1877
Shaun Claydon, Finance Director
----------------------
SPARK Advisory Partners Limited
(NOMAD)
----------------------
Neil Baldwin Tel +44 20 3368 3550
Mark Brady
----------------------
Turner Pope Investments (TPI)
Ltd (Broker)
----------------------
Andy Thacker Tel +44 20 3621 4120
----------------------
About Distil
Distil Plc is quoted on the AIM market of the London Stock
Exchange. It owns drinks brands in a number of sectors of the
alcoholic drinks market. These include premium spiced rum, vodka,
gin, vodka vanilla cream liqueur and are called RedLeg Spiced Rum.
Blackwoods Vintage Gin, Blackwoods Vodka, Blavod Original Black
Vodka, Diva Vodka and Jago's Vanilla Cream Liqueur.
www.distilplc.com
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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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