Nichols PLC 2018 Trading Update (5583M)
09 Enero 2019 - 1:00AM
UK Regulatory
TIDMNICL
RNS Number : 5583M
Nichols PLC
09 January 2019
Date: Embargoed until 0700 Wednesday 9 January 2019
Contacts: Marnie Millard, Group Chief Executive Officer
Tim Croston, Group Chief Financial Officer
Andrew Milne, Group Commercial Director
Nichols plc
Telephone: 01925 222222
Website:www.nicholsplc.co.uk
Alex Brennan / Hattie Richard Lindley / Rachel Hayes
O'Reilly
Hudson Sandler N+1 Singer (Nominated Adviser)
Telephone:020 7796 4133 Telephone: 0207 496 3000
Email: nichols@hudsonsandler.com Website: www.n1singer.com
Nichols plc
2018 Trading Update
Nichols plc ("the Group"), today issues the following trading
update for the year ended 31 December 2018.
We are pleased to report that full year Group sales totalled
GBP142.0m, an increase of 6.9% compared to the prior year.
This increase was driven by an excellent performance in our UK
business where sales grew by 12.6% to GBP114.6m.
During the year, we celebrated the Vimto brand's 110(th) year
and we are delighted to report that once again, the brand has
significantly outperformed the UK soft drinks category and gained
market share. Vimto sales increased by 12.9% during the year
compared to the total UK soft drinks market growth of 7.4% (Nielsen
MAT year to 1 December 2018).
Elsewhere in the UK, sales in the Out of Home channel increased
by 15.1% compared to the prior year. This strong performance was
driven by sales of both our dispensed soft drinks and frozen
beverage products which reflects the significant investment in this
part of our business over recent years.
In the international business, a strong sales performance in
Africa during the second half of the year delivered full year
growth of 6.5% in this region.
As anticipated in our 2017 Preliminary Results Statement (1
March 2018), sales to the Middle East were down on the prior year,
due to the ongoing conflict in Yemen and the timing of shipments to
Saudi Arabia. As a result, sales to the Middle East region totalled
GBP9.6m (2017: GBP13.0m).
The Group's total international sales were GBP27.4m (2017:
GBP31.0m).
In summary, the Board is very pleased with the 2018 Group sales
performance and expects full year profit to be ahead of the prior
year and at least in line with current market expectations*.
The Group's Preliminary results will be announced on 27 February
2019.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
* Company compiled market consensus of GBP31.3m profit before
tax.
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.
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END
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