DISTIL PLC

Earnings Release • Jan 20, 2020

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RNS Number : 2373A

Distil PLC

20 January 2020

20 January 2020

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 ending 31 December 2019, including the important Christmas period.

Year-on-year third quarter (October to December) revenues increased by 7%, supported by continued levels of up weighted marketing investment.

As anticipated in our Interim Statement, year to date sales for the nine-month period April to December decreased 13% in revenue and volume, with marketing investment rates maintained. 

Don Goulding, Executive Chairman of Distil, said:

"Our key brands performed well in Q3, growing volume and value in a highly competitive and changing market place. 

We maintained our increased levels of investment in marketing and promotional activity over the Christmas period and enjoyed strong customer support especially in Rum which increased volumes by 16% despite intense competition. This was partially offset by reduced volume in gin caused by changes in retailer listings as previously reported.  

The outlook for the final quarter to 31 March 2020 remains positive with full year profit out-turn expected to be ahead of last year and broadly in line with market expectations"

For further Information:

Distil PLC
Don Goulding Executive Chairman Shaun Claydon, Finance Director	Tel: +44 207 352 2096
SPARK Advisory Partners Limited (NOMAD)
Neil Baldwin / Mark Brady	Tel +44 20 3368 3550
Turner Pope Investments (TPI) Ltd (Broker)
Andy Thacker/ Zoe Alexander	Tel +44 203 657 0050

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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