Stock Spirits Group PLC Stock Spirits begins hand sanitiser production
25 March 2020 - 6:00PM
RNS Non-Regulatory
TIDMSTCK
Stock Spirits Group PLC
25 March 2020
Stock Spirits Group PLC
Production of hand sanitiser underway at Stock Spirits' facility
in Pilsen, Czech Republic
Company in advanced discussions with Polish state institutions
to do the same at its production facility in Lublin, Poland
25 March 2020
Stock Spirits Group PLC ("Stock Spirits", "Stock" or the
"Company"), a leading owner and producer of premium branded spirits
and liqueurs in Europe, today announces that it has started
manufacturing hand sanitiser at its production facility in the
Czech Republic, in order to lend its help to mitigating the spread
of the ongoing COVID-19 outbreak.
The Company's facility in Pilsen, Czech Republic, has already
produced 90,000 bottles (200ml) of hand sanitiser, and is hoping to
be in a position to manufacture more in due course. The hand
sanitiser has been donated both to the Czech government for
distribution to medical personnel and the emergency services, as
well as to the retail sector for use by staff working in food
stores, bakeries and other staple food producers. Stock has also
donated a large quantity of raw spirit to Czech municipalities to
help with their own disinfectant manufacturing efforts.
The Company is also in advanced planning to do the same at its
production facility in Lublin, Poland, and is in ongoing
discussions with Polish state authorities.
Poland and the Czech Republic are Stock Spirits' two largest
markets, representing about 80% of the Company's business. Normal
levels of manufacturing in Pilsen have been unimpacted by
hand-sanitiser production, and it is anticipated that the same
would be the case in Lublin.
Mirek Stachowicz, Chief Executive Officer of Stock Spirits,
said:
"We are glad to be in a position to offer our help to
governments, medical services and businesses in the Czech Republic
and Poland in their efforts to combat the spread of COVID-19. We
will continue to do everything that we can to help at this
critically important time."
For further information:
Powerscourt +44 (0) 207 250 1446
Rob Greening stockspirits@powerscourt-group.com
Lisa Kavanagh
Investors can also address any query to
investorqueries@stockspirits.com .
About Stock Spirits Group
Stock Spirits is one of 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 50 other
countries worldwide. Global sales volumes currently total over 125
million litres per year.
Stock has production facilities in Poland, the Czech Republic,
Germany and Italy and its core brands include products made to
long-established recipes such as Stock 84 brandy, Fernet Stock
bitters and Limoncè, as well as more recent creations like Stock
Prestige and o dkowa de Luxe vodkas.
Stock is listed on the main market of the London Stock Exchange.
For the year ended 30 September 2019 it delivered total revenue of
EUR312.4 million and operating profit before exceptional items of
EUR53.9 million.
For further information, please visit www.stockspirits.com
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END
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