REG - Distil PLC - Trading Update

DistilAnnouncement

20/01/2020 07:06

RNS Number : 2373A
Distil PLC
20 January 2020
 


 20 January 2020
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 higher levels of sales during the third quarter ending 31 December 2019, including the important Christmas period.
 
Year-on-year third quarter (October to December) revenues increased by 7%, supported by continued levels of up weighted marketing investment.
 
As anticipated in our Interim Statement, year to date sales for the nine-month period April to December decreased 13% in revenue and volume, with marketing investment rates maintained. 
 
Don Goulding, Executive Chairman of Distil, said:
 
"Our key brands performed well in Q3, growing volume and value in a highly competitive and changing market place. 
 
We maintained our increased levels of investment in marketing and promotional activity over the Christmas period and enjoyed strong customer support especially in Rum which increased volumes by 16% despite intense competition. This was partially offset by reduced volume in gin caused by changes in retailer listings as previously reported.  
 
The outlook for the final quarter to 31 March 2020 remains positive with full year profit out-turn expected to be ahead of last year and broadly in line with 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/ Zoe Alexander
 


Tel +44 203 657 0050



 
 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.




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