Last checked at 30 Apr 2014 07:00
Date: | Immediate release, Wednesday 30 April 2014
| |
Contacts: | John Nichols, Non-Executive Chairman | |
Marnie Millard, Group Chief Executive Tim Croston, Group Finance Director | ||
Nichols plc | ||
Telephone: 01925 222222 | ||
Website:www.nicholsplc.co.uk | ||
Nick Lyon / Alex Brennan | Richard Lindley | |
Hudson Sandler | N+1 Singer (Nominated Adviser) | |
Telephone:020 7796 4133 | Telephone: 0113 388 4855/ 0207 496 3000 | |
Email: nichols@hspr.com | Website: www.n1singer.com | |
Nichols plc
AGM StatementJohn Nichols, Non-Executive Chairman of Nichols plc, the soft drinks group, will make the following statement at the Group's Annual General Meeting to be held later today:
Current Trading
"Whilst it is still early in the year, I am pleased to report that the Group's profit performance is in line with management expectations and ahead of the prior year.
After the first four months of 2014, our UK sales performance is ahead of the market and the 2013 comparative period, despite the challenging economic conditions affecting the grocery trade. Our export sales are per management expectations at this early stage of the year.
In 2014 we will continue to invest for growth and during April we have introduced the new Vimto branding across the whole range. This is supported by the launch of our new TV campaign featuring the Vimtoad.
In summary, the Board are satisfied with the first four months performance for 2014 and are confident of delivering full year results in line with expectations."
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Notes to Editors:
Nichols plc is a highly focused soft drinks business. Its brand portfolio includes Vimto, which is sold in over 65 countries and Levi Roots (soft drinks), Sunkist, Panda and Weight Watchers which are sold in the UK. The Group has a leading market position in both the "Still" and "Carbonate" drinks categories.