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Half Year Trading Update

19 Jul 2018 07:00

RNS Number : 0832V
Science in Sport PLC
19 July 2018
 

19 JULY 2018

 

SCIENCE IN SPORT PLC

("SiS" or the "Company")

 

TRADING UPDATE

 

Science in Sport plc (AIM: SIS), a leading sports nutrition company that develops, manufactures and markets sports nutrition products for professional athletes and sports enthusiasts, is pleased to announce its trading update for the six months ended 30 June 2018.

 

Sales for the period grew 20% year on year ('YOY') to ÂŁ9.94m (2017: ÂŁ8.27m). Growth was underpinned by a strong performance in International markets, with 53% improvement YOY to ÂŁ3.4m, including new markets as we continue to invest in the USA, Italy and Australia in line with our stated strategy. Despite the impact of the planned investment in a new e-commerce platform affecting two months, online channels grew 25% in the period and finished strongly, with 44% YOY growth for June and our scienceinsport.com business growing at 63% over the same period, with all key trading metrics well ahead of last year. Tough trading conditions in UK retail resulted in a 3% decline YOY, although we gained new customers and distribution towards the end of the period, which gives us confidence for the second half.

 

We closed the half with a record trading month across the business, generating sales of ÂŁ2.22m (33% YOY) in June.

 

The Board remains confident in its outlook for the full year and beyond.

 

The Company will issue its Interim Results on Thursday 20 September.

 

 

For further information:

Science in Sport PLC

+44 (0) 20 7400 3700

Stephen Moon, CEO

 

Elizabeth Lake, Finance Director

 

 

Cenkos Securities - NOMAD and Broker

 

+44 (0) 20 7397 8925

Max Hartley

 

 

 

 

 

 

 

About Science in Sport plc

 

Science in Sport plc is a leading sports nutrition company that develops, manufactures and markets sports nutrition products for professional athletes and sports enthusiasts. SiS is a strong brand in the elite athlete community - in the 2016 Rio Olympics, 34 medal-winning athletes or teams used SiS products (compared with 24 in 2012).

The SiS core product ranges include: SiS GO, comprising energy powders, isotonic gels, energy bars and shots; SiS REGO, including protein-based recovery powders; SiS Protein, products specifically designed to contribute to athletes' lean muscle mass growth and maintenance; SiS Supplements, comprising BCAA Perform, Creatine, Beta Alanine and L Glutamine; SiS Athlete Health, vitamins and supplements range designed to support and maintain immune function, digestive health and bone health. SiS products are sold in a range of retail channels, including specialist sport retailers, major grocers, high street retailers and e-commerce websites.

SiS is currently the official sports nutrition partner to professional cycling organisations Team SKY, British Cycling, Cycling Australia and USA Cycling. SiS is also a partner to British Triathlon and Rock n Roll Marathon Series. Along with supplying over 60 professional English & Scottish League football teams, SiS is Sports Nutrition Partner to the world's most popular football club, Manchester United FC. In addition, Olympians Sir Chris Hoy MBE, Mark Cavendish MBE and Adam Peaty MBE are Brand Ambassadors.

SiS was founded in 1992 and is headquartered in Hatton Garden, London. Its manufacturing facility is in Nelson, Lancashire.

SiS shares are traded on the AIM market of the London Stock Exchange under the ticker symbol SIS.

For further information, please visit www.scienceinsport.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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TSTBLGDRUGBBGII
Date   Source Headline
11th Sep 20197:00 amRNSAppointment of Chief Financial Officer
8th Aug 20197:00 amRNSLaunch of SiS Plant Protein Range
31st Jul 20194:39 pmRNSNotification of Major Holdings
26th Jul 201912:27 pmRNSNotification of Major Holdings
25th Jul 20193:17 pmRNSNotification of Major Holdings
9th Jul 20197:00 amRNSHalf Year Trading Update
4th Jul 20195:00 pmRNSNOTIFICATION OF MAJOR HOLDINGS
28th Jun 20193:11 pmRNSNotification of Major Holdings
28th Jun 201911:35 amRNSNotification of Major Holdings
27th Jun 20194:15 pmRNSNotification of Major Holdings
27th Jun 201911:54 amRNSNotification of Major Holdings
27th Jun 20197:00 amRNSAGM Statement
25th Jun 20195:20 pmRNSNotification of Major Holdings
25th Jun 20195:15 pmRNSNotification of Major Holdings
12th Jun 20197:00 amRNSDirectorate Change
4th Jun 20197:00 amRNSOpens new e-commerce facility
24th May 20197:00 amRNSPosting of Annual Report & Notice of AGM
8th May 20197:00 amRNSPhD launches vegan Smart Bar Plant
2nd May 20197:00 amRNSSiS: Exclusive Nutrition Provider to Team INEOS
30th Apr 20197:00 amRNSLaunch of New PhD Website
3rd Apr 20194:28 pmRNSGrant of Options
27th Mar 201912:23 pmRNSHolding(s) in Company
21st Mar 20197:00 amRNSIssue of Equity
20th Mar 20197:00 amRNSFinal Results
4th Mar 20197:00 amRNSSiS: New Product Range for Footballers
27th Feb 20197:00 amRNSIssue of Equity
21st Feb 20197:00 amRNSSenior Management Appointments
29th Jan 20195:42 pmRNSHolding(s) in Company
21st Jan 20197:00 amRNSCapital Markets Day
14th Jan 20197:00 amRNSHolding(s) in Company
9th Jan 20197:00 amRNSPre-Close Trading Update
8th Jan 20191:10 pmRNSHolding(s) in Company
7th Jan 20192:00 pmRNSIssue of Equity
7th Dec 20185:15 pmRNSHolding(s) in Company
6th Dec 201812:15 pmRNSHolding(s) in Company
6th Dec 20188:01 amRNSCompletion of Acquisition
5th Dec 20185:09 pmRNSHolding(s) in Company - replacement
5th Dec 20185:00 pmRNSHolding(s) in Company
5th Dec 20184:58 pmRNSHolding(s) in Company
5th Dec 20184:48 pmRNSDirector/PDMR Shareholding
3rd Dec 201811:35 amRNSResult of General Meeting
16th Nov 20182:30 pmRNSHolding(s) in Company
14th Nov 20183:40 pmRNSResults of Placing
14th Nov 201811:05 amRNSSecond Price Monitoring Extn
14th Nov 201811:00 amRNSPrice Monitoring Extension
14th Nov 20187:00 amRNSProposed Acquisition & Placing
17th Oct 20187:00 amRNSLaunch into Chinese market
19th Sep 20187:00 amRNSHalf-year Report
13th Sep 201810:15 amRNSDirectorate Update
22nd Aug 20187:00 amRNSChange of Registered Office

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