25 Apr 2018 07:00
Date: | Embargoed until 0700 Wednesday 25 April 2018
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Contacts: | John Nichols, Non-Executive Chairman | |
Marnie Millard, Group Chief Executive Officer Tim Croston, Group Chief Financial OfficerAndrew Milne, Group Commercial Director | ||
Nichols plc | ||
Telephone: 01925 222 222 | ||
Website: www.nicholsplc.co.uk | ||
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| Alex Brennan/ Hattie O'Reilly | Richard Lindley |
| Hudson Sandler | N+1 Singer (Nominated Adviser) |
| Telephone: 020 7796 4133 Email: nichols@hudsonsandler.com | Telephone: 0207 496 3000 Website: www.n1singer.com |
Nichols plc
("the Group")
AGM trading update
John Nichols, Non-Executive Chairman of Nichols plc, the soft drinks group, will make the following statement at the Group's Annual General Meeting to be held at 11.00 am today:
Current Trading
UK revenue for the first quarter of 2018 is ahead of the prior year both on a reported and like for like* basis, and compares favourably to the total UK soft drinks market growth of 2.6% (Nielsen year to date to 24 March 2018). As previously reported and as anticipated, the ongoing conflict in Yemen and the timing of the majority of shipments for Ramadan 2018 falling into Q4 2017 has impacted international sales in Q1 2018.
Outlook
We maintain our previous guidance for 2018 and currently expect full year earnings to be in line with market expectations.
*Like for like sales excludes the incremental sales from D J Drink Solutions Ltd acquired in June 2017
- ENDS -
Notes to Editors:
Nichols plc is an international soft drinks business with sales in over 85 countries, selling products in both the Still and Carbonate categories. The Group is home to the iconic Vimto brand which is popular in the UK and around the world, particularly in the Middle East and Africa. Other brands in its portfolio include Feel Good, Starslush, ICEE, Levi Roots and Sunkist.
Nichols plc (NICL)