25 Mar 2020 07:00
Stock Spirits Group PLC
Production of hand sanitiser underway at Stock Spirits' facility in Pilsen, Czech Republic
Company in advanced discussions with Polish state institutions to do the same at its production facility in Lublin, Poland
25 March 2020
Stock Spirits Group PLC ("Stock Spirits", "Stock" or the "Company"), a leading owner and producer of premium branded spirits and liqueurs in Europe, today announces that it has started manufacturing hand sanitiser at its production facility in the Czech Republic, in order to lend its help to mitigating the spread of the ongoing COVID-19 outbreak.
The Company's facility in Pilsen, Czech Republic, has already produced 90,000 bottles (200ml) of hand sanitiser, and is hoping to be in a position to manufacture more in due course. The hand sanitiser has been donated both to the Czech government for distribution to medical personnel and the emergency services, as well as to the retail sector for use by staff working in food stores, bakeries and other staple food producers. Stock has also donated a large quantity of raw spirit to Czech municipalities to help with their own disinfectant manufacturing efforts.
The Company is also in advanced planning to do the same at its production facility in Lublin, Poland, and is in ongoing discussions with Polish state authorities.
Poland and the Czech Republic are Stock Spirits' two largest markets, representing about 80% of the Company's business. Normal levels of manufacturing in Pilsen have been unimpacted by hand-sanitiser production, and it is anticipated that the same would be the case in Lublin.
Mirek Stachowicz, Chief Executive Officer of Stock Spirits, said:
"We are glad to be in a position to offer our help to governments, medical services and businesses in the Czech Republic and Poland in their efforts to combat the spread of COVID-19. We will continue to do everything that we can to help at this critically important time."
For further information:
Powerscourt Rob Greening Lisa Kavanagh
| +44 (0) 207 250 1446 stockspirits@powerscourt-group.com
|
Investors can also address any query to investorqueries@stockspirits.com.
About Stock Spirits Group
Stock Spirits is one of 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 50 other countries worldwide. Global sales volumes currently total over 125 million litres per year.
Stock has production facilities in Poland, the Czech Republic, Germany and Italy and its core brands include products made to long-established recipes such as Stock 84 brandy, Fernet Stock bitters and Limoncè, as well as more recent creations like Stock Prestige and Żołᶏdkowa de Luxe vodkas.
Stock is listed on the main market of the London Stock Exchange. For the year ended 30 September 2019 it delivered total revenue of €312.4 million and operating profit before exceptional items of €53.9 million.
For further information, please visit www.stockspirits.com