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Stock Spirits Confident In Outlook As It Reports "Solid" Performance

Thu, 14th Feb 2019 09:31

LONDON (Alliance News) - Stock Spirits Group PLC on Thursday said its performance has been solid and the company is on track to achieve its plans for the entire year.

The Eastern Europe-focused alcohol producer and distributor at its annual general meeting reported a "solid" performance since the beginning of October.

In the first quarter to the the end of 2018, the company said that in Poland the total vodka market recorded an increase in value of 2.4% and a slight increase in volume up 0.9% versus the first quarter a year ago, with growth from both the flavoured and clear vodka segments.

In the Czech Republic, the total spirits market grew in value by 2.1% despite a 0.1% decline in volume, while in Italy, the categories in which Stock operates continue to decline.

The company will release interim results on May 14.

Stock Spirits shares were trading up 4.9% at 236.00 pence each on Thursday.