26 Jan 2016 07:00
Trading statement
26th Jan 2016 Stock Spirits Group PLC, London
STOCK SPIRITS
Stock Spirits Group, a leading Central European branded spirits producer today, provides a trading update covering the full-year to the end of December 2015, and Q4 of 2015 financial year.
Trading in Q4, and therefore for the full-year 2015, was in line with the guidance we provided in November 2015 - both in Poland and in our other core markets.
We therefore expect our Group EBITDA for 2015 to be in the upper half of the range €50m - €54m, after taking into account FX.
Group cash flow for the year was strong, resulting in net debt at the 31st December of €57m.
The business is conducting a "root and branch" review of both our business in Poland and our broader corporate strategy. We will provide an update on this, as well as our approach to capital allocation, at the time of our full-year results on March 10, 2016.
ENDS
For further information
www.stockspirits.com
Stock Spirits Group: +44 (0) 1628 648 500
Chris Heath, Chief Executive Officer
Lesley Jackson, Chief Financial Officer
Bell Pottinger: +44 (0) 20 3772 2560
Clinton Manning
Dan de Belder