Last checked at 20 Jan 2016 07:00
For immediate release | 20 January 2016 |
SCIENCE IN SPORT PLC
("SiS" or the "Company")
Full Year Trading Update
Science in Sport plc (AIM: SIS), a leading sports nutrition company, is pleased to announce the following pre-close trading update ahead of its financial results for the 12 months ended 31 December 2015.
The Board is pleased to report another successful trading period during which sales continued to grow strongly and performance was in line with management expectations. Trading was very strong in the final quarter of the year and this momentum has carried into 2016.
Sales increased 18% to £9.45 million in the 12 months to 31 December 2015 compared with the same period the previous year (2014: £8.03 million).
Sales growth was particularly strong in international markets, from the Company's own online operation and from third-party e-tailers.
The first quarter of 2016 sees the launch and roll out of the Company's novel WHEY20 protein product, which will be distributed in approximately 1170 multiple grocer outlets by April. In addition approximately 400 independent cycle shops, High Street retailer Decathlon, and both Company and third-party e-commerce websites will sell the product.
The Company terminated its master distributor agreement with SiS Asia Pacific in December 2015, and has set up a wholly owned subsidiary to develop directly the SiS brand in the Australian market, managed by an in-market commercial team.
The Board remains confident of continued strong growth in 2016 and beyond.
SiS intends to issue its full year results on Tuesday 22 March 2016.
For further information:
Science in Sport PLC | +44 (0) 20 7400 3700 |
Stephen Moon, CEO | |
Cenkos Securities |
+44 (0) 20 7397 8900 |
Bobbie Hilliam - NOMAD and Broker | |
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.
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, a whey protein range for lean muscle development including WHEY20, a novel ready to consume whey protein product. SiS products are sold in a range of retail channels, including specialist sport retailers, major grocers, high street retailers and e-commerce websites. The Company sold product in more than 100 countries in 2015.
SiS is the official sports nutrition supplier to professional cycling teams Team Sky and Team WIGGINS. SiS is also the official supplier of sports drinks and sports nutrition to the GB Rowing Team. In addition, Olympians Sir Chris Hoy MBE, Mark Cavendish MBE and Katarina Johnson-Thompson are Elite Sports Consultants and 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