Last checked at 1 May 2019 07:00
Date: | Embargoed until 0700 Wednesday 1 May 2019
| |
Contacts: | ||
Marnie Millard, Group Chief Executive Officer Tim Croston, Group Chief Financial OfficerAndrew Milne, Group Commercial Director | ||
Nichols plc | ||
Telephone: 01925 222 222 | ||
Website: www.nicholsplc.co.uk | ||
Alex Brennan/ Hattie O'Reilly | Richard Lindley/ Rachel Hayes | |
Hudson Sandler | N+1 Singer (Nominated Adviser) | |
Telephone: 020 7796 4133 Email: nichols@hudsonsandler.com | Telephone: 0207 496 3000 Website: www.n1singer.com | |
Nichols plc
("the Group")
AGM trading update
John 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 at 11.00 am today:
Current Trading
Total Group revenue for the first quarter of 2019 was £30.6m (2018: £27.8m).
International sales growth in Q1 has been strong with revenue totalling £6.5m, which is 24.4% ahead of the prior year period (Q1 2018: £5.2m). This performance was anticipated as the Middle East returned to growth following the relatively softer comparatives in Q1 2018.
In the UK, first quarter sales totalled £24.1m which was 6.8% ahead of the prior year period (Q1 2018: £22.5m).
Outlook
Whilst we believe that trading conditions will remain challenging in 2019, we anticipate that full year earnings will be in line with market expectations.
- ENDS -
Notes to Editors:
Nichols plc is an international soft drinks business with sales in over 85 countries, selling products in both the Still and Carbonate categories. The Group is home to the iconic Vimto brand which is popular in the UK and around the world, particularly in the Middle East and Africa. Other brands in its portfolio include Feel Good, Starslush, ICEE, Levi Roots and Sunkist.