TIDMNICL

RNS Number : 6506X

Nichols PLC

01 May 2019

 
 Date:       Embargoed until 0700 Wednesday 1 May 2019 
 
             Marnie Millard, Group Chief Executive Officer 
              Tim Croston, Group Chief Financial Officer 
              Andrew Milne, Group Commercial Director 
             Nichols plc 
             Telephone: 01925 222 222 
             Website: www.nicholsplc.co.uk 
 Contacts: 
             Alex Brennan/ Hattie O'Reilly       Richard Lindley/ Rachel Hayes 
             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

("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

Total Group revenue for the first quarter of 2019 was GBP30.6m (2018: GBP27.8m).

International sales growth in Q1 has been strong with revenue totalling GBP6.5m, which is 24.4% ahead of the prior year period (Q1 2018: GBP5.2m). This performance was anticipated as the Middle East returned to growth following the relatively softer comparatives in Q1 2018.

In the UK, first quarter sales totalled GBP24.1m which was 6.8% ahead of the prior year period (Q1 2018: GBP22.5m).

Outlook

Whilst we believe that trading conditions will remain challenging in 2019, we anticipate that full year earnings will be in line with market expectations.

- 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.

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END

AGMEAXLEDDNNEFF

(END) Dow Jones Newswires

May 01, 2019 02:00 ET (06:00 GMT)

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