3 May 2016 07:04
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Conviviality Retail Share News (CVR)
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Don't have an account? Click here to register.Conviviality sees annual EBITDA ahead of market views
Fri, 20th May 2016 11:53
(ShareCast News) - Conviviality sees its full-year EBITDA coming in marginally ahead of market expectations as the company confirmed sales up 137% to about £864m in the 53 weeks to 1 May.Wholesale sales were in line with the prior year and like-for-like retail (LFL) sales generated by its franchise stores rose to -1.3%, from -1.7%. Wine Rack continued to trade well with LFL sales up 3.2%.Shares in the independent alcohol wholesaler, which acquired Matthew Clark in October last year, were up more than 5% following its trading update. It expected to end the year with net debt of about £87m."Matthew Clark has traded strongly since acquisition with sales up 4.9% on the corresponding prior period," said Conviviality in a statement. "The number of outlets supplied has increased 2.9% since acquisition with the number of customers also 2.9% higher."The company's directors believed the recently-approved acquisition of Bibendum PLB Group would provide further opportunities and benefits, and a detailed integration plan was in place."We look forward to a strong set of results," said chief executive Diana Hunter
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Conviviality posts solid interims, sees extra benefits from acquisition
(ShareCast News) - Half-year results from off-licence group Conviviality showed solid underlying growth in the retail business and plenty of encouraging signs from recently acquired wholesaler Matthew Clark. Group sales of £252m in the 27 weeks to 1 November were a 38% improvement on the equivalent
Read more25 Jan 2016 16:03
7 Oct 2015 14:39
Conviviality Retail completes Matthew Clark deal
(ShareCast News) - Off licence and convenience stores owner Conviviality PLC confirmed it has completed the acquisition of Punch Tavern's 50% stake in drinks supplier Matthew Clark for a combined £200m. The London-listed company said the deal for Matthew Clark, a 50:50 joint venture between Punch Ta
Read more8 Sep 2015 09:19
Conviviality Retail jumps on Matthew Clark acquisition
(ShareCast News) - Shares in Conviviality Retail jumped over 20% early on Tuesday, after the off-licence and convenience store chain announced a deal to acquire drinks supplier Matthew Clark (Holdings) for £200m. Conviviality said it expects the deal to be concluded early next month, adding it will
Read more13 Jul 2015 10:44
Conviviality Retail serves final results as aperitif for Matthew Clark deal
(ShareCast News) - Conviviality Retail, owner of the Bargain Booze chain of off-licence shops, posted final results showing small rises in revenue and profits, though the company's shares remain suspended as it attempts to engineer a reverse takeover of the larger Matthew Clark wine wholesaling busi
Read more