Last checked at 10 Jan 2017 07:00
Date: | Embargoed until 07.00 Tuesday 10 January 2017
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Contacts: | John Nichols, Non-Executive Chairman | |
Marnie Millard, Group Chief Executive Officer Tim Croston, Group Chief Financial Officer Andrew Milne, Group Commercial Director
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Nichols plc | ||
Telephone: 01925 222222 | ||
Website:www.nicholsplc.co.uk | ||
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Alex Brennan/Nick Lyon | Richard Lindley | |
Hudson Sandler | N+1 Singer (Nominated Adviser) | |
Telephone:020 7796 4133 | Telephone: 0207 496 3000 | |
Email: nichols@hspr.com | Website: www.n1singer.com | |
Nichols plc
Trading Update
Nichols plc ("the Group"), today issues the following trading update for the year ended 31 December 2016.
Group revenue for the year has increased by 7.3% totalling £117.3m (2015: £109.3m). The growth has come from both the UK and International business activities.
In the UK, sales have increased by 6.9% against the prior year to £90.7m (2015: £84.8m). This increase has been driven by sales of the Vimto brand, which were 5% ahead of the prior year, and the incremental revenues from the successful acquisition of The Noisy Drinks Co. Ltd. This performance is significantly ahead of the UK soft drinks market which grew by 0.8% in the year to 3 December 2016 (source: Nielsen).
International sales grew by 8.8% to £26.6m, an increase of £2.2m versus 2015.
In summary, the Board is pleased with the 2016 Group sales performance and expects full year profit and earnings per share to be ahead of the prior year and in line with expectations.
The Group's Preliminary results will be announced on 2 March 2017.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
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, Levi Roots and Sunkist.