Trading Update
Updated : 10:13
4 July 2019
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 an update on trading for the first quarter of its current financial year.
Unaudited year-on-year first quarter (April - June 2019) revenues decreased by 20% and volumes decreased by 15%.
Don Goulding, Executive Chairman of Distil, said:
"Our UK sales are below last year, which had seen growth of 27% versus the previous year, mainly due to fewer promotional slots and poor weather through the quarter especially when compared to 2018. This affected, in particular, our spiced rum sales. Our Distribution remains strong. We have new promotional activities planned for the remainder of this financial year and our full year forecasts remain in line with current market expectations."
For further Information:
Distil PLC | |
Don Goulding Executive Chairman Shaun Claydon, Finance Director | Tel: +44 207 352 2096 |
SPARK Advisory Partners Limited (NOMAD) | |
Neil Baldwin Mark Brady | Tel +44 20 3368 3550 |
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.
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.