Distil PLC Trading Update (9251B)
January 16 2018 - 2:00AM
UK Regulatory
TIDMDIS
RNS Number : 9251B
Distil PLC
16 January 2018
16 January 2018
Distil Plc
Trading update
Distil plc (AIM: DIS), owner of premium drinks brands RedLeg
Spiced Rum, Blackwoods Gin and Vodka, Blavod Black Vodka, Jago's
Cream Liqueur and Diva vodka, is pleased to report higher levels of
sales during the third quarter including the important Christmas
period.
Year-on-year third quarter (October to December 2017) revenues
and volumes climbed by 19%, supported by a 11% increase in brand
marketing investment.
Year to date sales for the nine month period April to December
increased 21% in revenue and 29% in volume, with marketing
investment increasing 23%. Growth in volumes ahead of revenues
reflect the return to growth in Licensed sales for Blavod Black
Vodka, mainly through Europe and Duty free.
Don Goulding, Executive Chairman of Distil, said:
"Our brands continued to perform well in Q3 in a highly
competitive market, growing both volume and value over the prior
year which included significant pipeline fill in national
retailers. Major promotional activity during the quarter and a
growing consumer awareness of our brands led to a strong sales
performance at consumer level across all trade channels including
On Trade, Off Trade and online.
During this Q3 period we also finalised our Blackwoods 2017
Vintage Dry Gin including a unique proprietary bottle, distinctive
labelling and an improved gin recipe. The gin was developed
together with a master distiller and a group of respected On Trade
mixologists to give us what we believe to be one of the best
tasting gins on the market. Shipments to our distributors in export
markets and the UK begin in January. Initial trade response has
been very positive and we are pleased to report increased listings
in four major UK retailers amounting to an additional 520 retail
outlets coming through in the spring. Our revised Blackwoods
website featuring the new design launches this week.
(www.Blackwoodsgin.co.uk)
With regard to exports, where possible, we are seeking to
contract a sole distributor per market for the Distil portfolio of
brands rather than one distributor per brand. This will help build
a longer term partnership approach as well as simplifying logistics
and administration. We now enjoy this arrangement with many
distributors but not in all key markets - for example the USA. With
conclusion of the new packaging, labelling and liquid development
for Blackwoods Gin we will focus efforts on new export markets
linking gin and RedLeg Spiced Rum.
In the US we revised our target distributor list to allow a
combined approach and discussions are underway with a shortlist of
suitable companies.
The outlook for the final quarter to the end of March 2018
remains positive with full year out-turn forecast to be in line
with market expectations"
For further Information:
Distil PLC
------------------------ ----------------------
Don Goulding Executive Tel: +44 207 352 2096
Chairman
Shaun Claydon, Finance
Director
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SPARK Advisory Partners
Limited (NOMAD)
------------------------ ----------------------
Neil Baldwin Tel +44 20 3368 3550
Mark Brady
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Turner Pope Investments
(TPI) Ltd (Broker)
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Andy Thacker Tel +44 20 3621 4120
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About Distil
Distil Plc is quoted on the AIM market of the London Stock
Exchange. It owns drinks brands in a number of sectors of the
alcoholic drinks market. These include premium spiced rum, vodka,
gin, vodka vanilla cream liqueur and are called RedLeg Spiced Rum.
Blackwoods Vintage Gin, Blackwoods Vodka, Blavod Original Black
Vodka, Diva Vodka and Jago's Vanilla Cream Liqueur.
www.distilplc.com
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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