Distil PLC Trading update (3053U)
17 January 2017 - 6:00PM
UK Regulatory
TIDMDIS
RNS Number : 3053U
Distil PLC
17 January 2017
17 January 2017
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 report significantly
higher levels of sales during the third quarter including over the
important Christmas period.
Year-on-year third quarter (Oct-Dec 2016) revenues climbed by
71%, volumes grew by 56% and brand marketing investment increased
by 88%.
Consumer sales advanced across all major trade channels
including bars, pubs, retail and on-line retail on the back of
stronger marketing support, greater promotional activity, wider
distribution and increased consumer awareness of key brands. In
addition, export sales were assisted by a weaker pound as
international distributors took advantage of the associated price
benefits. Licensed Sales of Blavod black vodka to the Eastern
European markets continue to be suppressed although they have
little impact on overall profitability.
Premium gin remains buoyant in most markets and Blackwoods gin
is enjoying good growth. RedLeg continues to make very strong
progress on all fronts.
Don Goulding, Executive Chairman of Distil, said:
"Quarter three is our most important trading period so I am
delighted to report excellent progress over this Christmas season.
We enjoyed an increased level of support for our key brands across
all trade sectors as we continue to work closely with our trade
partners and customers to help them meet their needs. Our brand
investment at consumer level increased to reflect a growing
consumer following for our brands.
The premium spirits market outlook remains positive although
highly competitive especially in the gin category. We are well
positioned to continue our brand building progress. Our focus over
the coming months will be to open up new markets for RedLeg and
prepare for the launch into the USA. Given the strong sales in the
period to date the Board anticipates that the results for the year
ending 31 March 2017 will be ahead of current market
expectations."
For further Information:
Distil PLC
------------------------ ----------------------
Don Goulding Executive Tel: +44 207 352 2096
Chairman
------------------------ ----------------------
SPARK Advisory Partners
Limited (NOMAD)
------------------------ ----------------------
Neil Baldwin Tel +44 113 2366 266
Mark Brady / 2268
------------------------ ----------------------
SI Capital (Broker)
------------------------ ----------------------
Andy Thacker Tel +44 1483 413500
Nick Emerson
------------------------ ----------------------
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTLIFVLLAIDLID
(END) Dow Jones Newswires
January 17, 2017 02:00 ET (07:00 GMT)