Nichols PLC Trading Update (7306T)
10 January 2017 - 6:00PM
UK Regulatory
TIDMNICL
RNS Number : 7306T
Nichols PLC
10 January 2017
Date: Embargoed until 07.00 Tuesday 10 January
2017
Contacts: John Nichols, Non-Executive Chairman
Marnie Millard, Group Chief Executive Officer
Tim Croston, Group Chief Financial Officer
Andrew Milne, Group Commercial Director
Nichols plc
Telephone: 01925 222222
Website:www.nicholsplc.co.uk
Alex Brennan/Nick Richard Lindley
Lyon
Hudson Sandler N+1 Singer (Nominated Adviser)
Telephone:020 7796 Telephone: 0207 496 3000
4133
Email: nichols@hspr.com Website: www.n1singer.com
Nichols plc
Trading Update
Nichols plc ("the Group"), today issues the following trading
update for the year ended 31 December 2016.
Group revenue for the year has increased by 7.3% totalling
GBP117.3m (2015: GBP109.3m). The growth has come from both the UK
and International business activities.
In the UK, sales have increased by 6.9% against the prior year
to GBP90.7m (2015: GBP84.8m). This increase has been driven by
sales of the Vimto brand, which were 5% ahead of the prior year,
and the incremental revenues from the successful acquisition of The
Noisy Drinks Co. Ltd. This performance is significantly ahead of
the UK soft drinks market which grew by 0.8% in the year to 3
December 2016 (source: Nielsen).
International sales grew by 8.8% to GBP26.6m, an increase of
GBP2.2m versus 2015.
In summary, the Board is pleased with the 2016 Group sales
performance and expects full year profit and earnings per share to
be ahead of the prior year and in line with expectations.
The Group's Preliminary results will be announced on 2 March
2017.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Notes to Editors:
Nichols plc is an international soft drinks business with sales
in over 85 countries, selling products in both the Still and
Carbonate categories. The Group is home to the iconic Vimto brand
which is popular in the UK and around the world, particularly in
the Middle East and Africa. Other brands in its portfolio include
Feel Good, Starslush, Levi Roots and Sunkist.
This information is provided by RNS
The company news service from the London Stock Exchange
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January 10, 2017 02:00 ET (07:00 GMT)