11 Jan 2017 07:00
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11 January 2017
STOCK SPIRITS Group PLC
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 Pre Close Trading Update
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Stock Spirits Group ("the Company"), a leading owner and producer of premium branded spirits and liqueurs that are principally sold in Central and Eastern Europe, today provides a pre-close trading update for the full-year ended 31 December 2016.
Overall trading in the second half of 2016, and therefore for the full-year ended 31 December 2016, was in line with expectations.
The Polish vodka market continued to show growth in both volume and value terms (source: Nielsen YTD Nov 2016). Our Polish business has performed well in highly competitive trading conditions and continues to make progress on the root and branch initiatives.
Group cash flow for the year was strong, resulting in net debt at the 31st December 2016 of circa €60m (2015: €57.2m).
The Company will announce its full-year results for the year ended 31 December 2016 on Wednesday 8 March 2017, when it will provide a more detailed update on trading and the Company's performance during the year across all its key markets, including a briefing on progress against the key initiatives previously announced in 2016.
ENDS
For further information
Stock Spirits Group: Lesley Jackson, Chief Financial Officer  | +44 (0) 1628 648 500 |
Powerscourt: Rob Greening Lisa Kavanagh  | +44 (0) 20 7250 1446 |
A copy of this announcement ("announcement") has been posted on www.stockspirits.com. Investors can also address any query to investorqueries@stockspirits.com
About Stock Spirits Group
Stock Spirits is one of Central and Eastern Europe's leading branded spirits and liqueurs businesses, and offers a portfolio of products that are rooted in local and regional heritage. With core operations in Poland, the Czech Republic, Slovakia, Italy, Croatia and Bosnia & Herzegovina, Stock also exports to more than 40 other countries worldwide. Global sales volumes currently total over 100 million litres per year.
Stock has state of the art production facilities in Poland and the Czech Republic, and its core brands include products made to long-established recipes such as Stock 84 brandy, Fernet Stock bitters and Limonce, as well as more recent creations like Stock Prestige and Zoladkowa de Luxe vodkas.
Stock is listed on the main market of the London Stock Exchange. For the year ended 31 December 2015 it delivered total revenue of €262.6m and operating profit of €41.7m.
For further information, please visit www.stockspirits.com
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