East Imperial PLC New Zealand Trading Update (4421Y)
03 January 2024 - 6:00PM
UK Regulatory
TIDMEISB
RNS Number : 4421Y
East Imperial PLC
03 January 2024
3 January 2024
East Imperial plc
("East Imperial" or the "Company")
New Zealand Trading Update
East Imperial plc, the global purveyor of super-premium
beverages, is pleased to announce significant Tier 1 and Tier 2
on-premise account wins in New Zealand for November and December
alongside progress in recent margin improvement initiatives.
Q4 has marked a significant achievement for East Imperial, with
the successful acquisition of prominent on-premise accounts
spearheaded by the stunning new Ayrburn precinct in Arrowtown,
South Island. Ayrburn is an expansive, historic piece of land set
against a mountainous backdrop. It is poised to be New Zealand's
most exciting new dining destination, with various fine dining
restaurants, a cellar door, and themed luxury bars. East Imperial
has been appointed as the premium mixer partner across the site
following a competitive pitch process.
East Imperial is also delighted to announce its presence in two
new luxury 5-star hotels. Having commenced on 13 December, the
Pullman Hotel at Auckland Airport features East Imperial as its
exclusive mixer provider, which is due to be followed by the
planned January 2024 opening of the stunning InterContinental in
downtown Auckland. The latter agreement extends the Company's
strong relationship with the global luxury hotel group and
reaffirms East Imperial as the choice for the most discerning and
luxurious international outlets.
The Company is also pleased to see the overall on-trade channel
rebound strongly in October and November, with positive momentum
into December and 2024.
The Company's margin improvement programme, implemented at the
half-year mark, has started to deliver significant margin
improvement as the Company heads towards a target of 35%, in line
with guidance. This is the direct result of several initiatives,
including a price increase and ongoing supply chain changes that
see less reliance on third-party logistics providers.
Enquiries:
East Imperial plc
Anthony Burt - investors@eastimperial.com
Allenby Capital Ltd (Broker)
Guy McDougall / Matt Butlin (Sales and Corporate Broking) +44
(0)20 3328 5656
Jeremy Porter / Piers Shimwell (Corporate Finance)
About East Imperial
Founded in New Zealand and Singapore in 2012, East Imperial
produces a range of ultra-premium mixers that sell throughout APAC,
the US and EMEA. Guided by a clear strategy to capitalise on the
growing demand for premiumisation across the beverage industry,
East Imperial has sold over 33 million bottles in over 20 countries
since its founding, with popular products including Old World Tonic
Water, Grapefruit Tonic Water, Yuzu Tonic Water and Mombasa Ginger
Beer. In 2023, East Imperial won 8 medals at the coveted Tonic
& Mixers Masters Competition in London.
The Company was founded on the philosophy of creating exquisite
products defined by heritage, tradition and authenticity. All
products are made from the highest quality, all-natural
ingredients, reflecting East Imperial's commitment to providing a
sustainable product and minimising environmental impacts at every
stage of the manufacturing process. For more information about East
Imperial and its ultra-premium mixers.
Visit https://www.eastimperial.com/
About Ayrburn
Located in Queenstown, the alluring new precinct is set to
redefine New Zealand's culinary scene, offering an invitation to
experience the best of the country's food, wine, and hospitality in
a carefully crafted space designed for locals and visitors alike to
come together and enjoy exceptional moments over great food and
wine.
https://ayrburn.com/
About Pullman Hotels and Resorts
Pullman Hotels and Resorts is a French multinational upscale
hotel brand Accor owns. Pullman has 145 hotels and resorts in 42
countries across Africa, the Americas, Asia, Europe, the Middle
East and Oceania.
https://all.accor.com/hotel/8219/index.en.shtml
About The InterContinental Group
InterContinental Hotels Group, operating under the brand IHG
Hotels & Resorts, is a prominent British multinational
hospitality company with its headquarters in Windsor, England.
Listed on the London Stock Exchange and the New York Stock
Exchange, IHG is recognised as a constituent of the prestigious
FTSE 100 Index.
https://www.ihg.com/intercontinental/hotels/us/en/auckland/aklha/hoteldetail
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
TSTSSIEEEELSESF
(END) Dow Jones Newswires
January 03, 2024 02:00 ET (07:00 GMT)
East Imperial (LSE:EISB)
Historical Stock Chart
From Apr 2024 to May 2024
East Imperial (LSE:EISB)
Historical Stock Chart
From May 2023 to May 2024