Last checked at 15 Sep 2015 14:30
15 September 2015
Distil Plc
Trading Update
Distil (AIM: DIS), owner of premium drinks brands RedLeg Spiced Rum, Blackwoods Gin and Vodka, Blavod Black Vodka, Jago's Cream Liqueur and Diva Vodka provides the following trading update:
At the annual general meeting in July this year we announced that the new financial year had started well with both sales volumes and revenues strongly ahead of prior year. We are pleased to report a continuation of this trend, broadly in line with our expectations, with both overall sales volumes and revenues up 26% and 76% respectively on the same period last year. This is despite difficult trading conditions continuing in Eastern Europe. The main drivers of this improved performance are increased distribution in key markets particularly UK and USA together with increased brand marketing support. RedLeg spiced rum in particular continues to perform strongly in the UK as it builds a broader consumer following.
We expect to receive final approval by the US Alcohol and Tobacco Tax and Trade Bureau (TTB) for RedLeg spiced rum by the end of September and plan to commence shipments in early 2016.
We commenced shipment to the USA of the newly packaged Blavod black vodka earlier this year. We are pleased to report the product has been well received and is now being shipped to all markets.
Following the UK launch of Diva, our super premium wheat based vodka brand, in June we have commenced shipping the product to both export and domestic markets and remain confident that the re-launched brand will be well received by high end retailers.
The interims results for the half year to 30 September are scheduled for release in early November.
For further Information:
Distil PLC |
|
Don Goulding Executive Chairman | Tel:+44 207 352 2096 |
SPARK Advisory Partners Limited (NOMAD) |
|
Neil Baldwin Mark Brady | Tel 0113 370 8974 neil.baldwin@sparkapl.com |
SI Capital (Broker) |
|
Andy Thacker Nick Emerson | Tel +44 1483 413500 |
About Distil
Distil Plc is quoted on the AIM market of the London Stock Exchange. Based in Soho London, it owns and markets, both domestically and internationally, alcoholic drinks brands in the premium Vodka, premium Gin, Cream Liqueur and Spiced Rum sectors. Individual brands include RedLeg Spiced Rum, Blavod Original Black Vodka, Blackwoods Vintage Dry Gin, Blackwoods Vodka, Diva Vodka and Jago's Vanilla Cream liqueur.
www.distilplc.com