Whisky curator and seller Artisanal H1 revenue falls on trade cask sales
Whisky curator and seller Artisanal H1 revenue falls on trade cask sales
Overview
UK whisky maker's H1 revenue fell 5% yr/yr, driven by lower trade cask sales
Branded business revenue grew 7%, offsetting declines in non-branded sales
EBITDA loss narrowed slightly, with improved cash generation from branded businesses
Outlook
Company expects to meet FY26 market expectations of £24.0 mln revenue and £1.7 mln EBITDA
Company says full-year outcome depends on completion of anticipated trade cask sales
Artisanal Spirits sees continued branded business growth and US revenue momentum in H2
Result Drivers
BRANDED BUSINESS GROWTH - Co said branded business revenue rose 7% yr/yr, driven by positive momentum and increased member engagement
US MARKET STRATEGY - Co said strategic changes to US route-to-market led to improved sales and reported revenue, with US revenue up 18% yr/yr
TRADE CASK SALES DECLINE - Co said lower trade cask sales were due to timing differences, with expectation for increased sales in H2
Company press release: ID:nRSP9884Ua
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 9.20 mln |
|
H1 Net Loss |
| GBP 3.70 mln |
|
H1 Gross Margin |
| 53.00% |
|
H1 EBITDA |
| -GBP 1.40 mln |
|
H1 Gross Profit |
| GBP 4.90 mln |
|
H1 Pretax Loss |
| GBP 3.60 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the distillers & wineries peer group is "buy."
Wall Street's median 12-month price target for Artisanal Spirits Company PLC is GBp75.00, about 219.1% above its September 15 closing price of GBp23.50
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)