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Pre-Close Trading Update

5 Jan 2017 07:00

RNS Number : 3781T
Science in Sport PLC
05 January 2017
 

For immediate release

5 January 2017

 

SCIENCE IN SPORT PLC

("SiS" or the "Company")

 

Pre-Close 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 the following pre-close trading update ahead of the publication of its financial results for the 12 months ended 31 December 2016.

 

Sales increased 30% to £12.24 million in the 12 months to 31 December 2016 compared with the same period the previous year (2015: £9.45 million).

 

Investment in the Company's scienceinsport.com platform and operations resulted in a doubling of direct sales year on year. Third-party Online retailers and the Grocery channel delivered robust growth. While High Street and Independent retailers continue to face challenging conditions, SiS was pleased to make healthy distribution gains in the Independent channel.

 

Development of International markets was a key focus during the year for the Company. The new Australian operation delivered sales ahead of plan. Ex-plan investment was made in e-commerce websites in the USA, Italy, Germany and the Netherlands in the second half of 2016. The USA and Italian markets will be a particular growth focus for SiS in 2017.

 

Marketing investment resulted in increased brand awareness and usage, and this together with improvements in a range of other indicators, shows SIS brand to be in very good health and making significant progress versus its competitive set.

 

Together with capital investment in the Company's Nelson site in Lancashire, production line efficiencies reached new highs during the year, underpinning an improvement in gross margin despite Q4 currency related price increases. The outlook for margins remains positive, despite some slight increases in input costs.

 

The Board remains confident of continued strong growth in 2017 and beyond. The Company intends to issue its full year results on Thursday 23 March 2017.

 

This announcement contains inside information.

 

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 8900

Bobbie Hilliam

 

 

 

Yellow Jersey PR - Financial PR

 

Felicity Winkles

+44 (0) 7748 843 871

Harriet Jackson

+44 (0) 7544 275 882

 

 

Notes for editors

 

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 London 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 hydration tablets; SiS REGO, including protein-based recovery powders and bars; and SIS Protein, products specifically designed to contribute to athletes' lean muscle mass growth and maintenance. 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 supplier to professional cycling team Team Sky, USA Cycling and Liverpool Football Club. Katarina Johnson-Thompson is an official brand ambassador and cyclist Mark Cavendish is also an elite sports consultant

 

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 company news service from the London Stock Exchange
 
END
 
 
TSTLLFSDLRISIID
Date   Source Headline
8th May 202510:34 amRNSForm 8.5 (EPT/RI)
7th May 20253:04 pmRNSForm 8.3 - SCIENCE IN SPORT PLC
6th May 20257:00 amRNSPublication of Scheme Document
2nd May 20254:11 pmRNSDisclosure under Rule 2.10 of the Takeover Code
2nd May 20252:31 pmRNSForm 8.3 - Science in Sport PLC
2nd May 20259:07 amRNSForm 8 (OPD) Science in sport plc
1st May 202510:40 amRNSForm 8.5 (EPT/RI) - Science in Sport PLC
30th Apr 202511:09 amRNSForm 8.3 - Science in Sport PLC
30th Apr 20259:59 amBUSForm 8.3 - Science in Sport PLC
30th Apr 20258:53 amGNWForm 8.5 (EPT/RI) - Science in Sport plc
30th Apr 20258:11 amRNS2024 Annual Report
29th Apr 20259:38 amBUSForm 8.3 - Science in Sport PLC
28th Apr 20257:00 amRNSFinal Results
25th Apr 202512:04 pmRNSForm 8.3 - Science in Sport plc
25th Apr 20259:38 amBUSForm 8.3 - Science in Sport plc
24th Apr 20255:01 pmRNSForm 8.3 - Science in Sport plc
24th Apr 20259:45 amBUSForm 8.3 - Science in Sport PLC
24th Apr 20259:37 amPRNForm 8.3 - Science In Sport Plc
23rd Apr 20255:08 pmBUSForm 8.3 - Science in Sport Plc
23rd Apr 20255:00 pmRNSForm 8.3 – Science in Sport plc
23rd Apr 202511:11 amRNSForm 8.5 (EPT/RI)
22nd Apr 20251:46 pmRNSForm 8.3 - Science in Sport PLC
22nd Apr 20251:44 pmRNSTR-1: Notification of Major Holdings
22nd Apr 202511:58 amRNSForm 8.3 - Science in Sport PLC
22nd Apr 202510:59 amRNSForm 8.5 (EPT/RI)
22nd Apr 20258:12 amGNWForm 8.5 (EPT/RI)-Science in Sport plc
17th Apr 20253:06 pmRNSForm 8.3 - Science in Sport
17th Apr 20252:52 pmGNWForm 8.3 - [SCIENCE IN SPORT PLC - Opening Disclosure - 16 04 2025] - (CGAML)
17th Apr 20252:46 pmRNSForm 8.3 - Science in Sport PLC
17th Apr 20252:39 pmRNSRecommended Cash Acquisition
17th Apr 20252:01 pmRNSForm 8.3 - Science in Sport plc
17th Apr 202512:50 pmRNSForm 8.3 - Science in Sport Plc
17th Apr 202511:46 amRNSForm 8.3 - Science in Sport plc
17th Apr 202510:25 amRNSForm 8.5 (EPT/RI) - Replacement
17th Apr 202510:08 amRNSForm 8.3 - Science in Sport plc
17th Apr 202510:05 amRNSForm 8.5 (EPT/RI)- Science in Sport plc
17th Apr 20259:04 amGNWForm 8.5 (EPT/RI) - Science in Sport plc
16th Apr 20252:36 pmRNSPossible Offer Clarification
16th Apr 20251:49 pmRNSPossible Offer
30th Jan 20257:00 amRNSTrading Statement
21st Nov 20245:32 pmRNSNotification of major holdings
27th Sep 20247:00 amRNSDirector/PDMR Shareholding
24th Sep 20247:00 amRNSDirector/PDMR Shareholding
24th Sep 20247:00 amRNSNotification of Major Holdings
18th Sep 20247:00 amRNSDirector/PDMR Shareholding
16th Sep 20247:00 amRNSInterim Results
15th Aug 20248:48 amRNSReplacement: Result of Annual General Meeting
31st Jul 20245:03 pmRNSResult of Annual General Meeting
31st Jul 20244:01 pmRNSNotification of Major Holdings
31st Jul 20244:00 pmRNSReplacement: Director/PDMR Shareholding

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