RedLeg listed in major UK pubchain; trading update

RNS Number : 5294L

Distil PLC

20 April 2018

 

 20 April 2018

Distil Plc

RedLeg listed in major UK pub chain

and

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 announce that another leading pub chain with national coverage has listed RedLeg Spiced Rum for its outlets, further increasing the brand's presence and availability throughout the UK.

We are also pleased to report continued strong growth in sales volumes and revenues during the fourth quarter (January - March 2018). Unaudited year-on-year fourth quarter revenues rose by 28% and volumes grew by 37%. Growth in volumes ahead of revenues reflect the continued growth in Licensed sales for Blavod Black Vodka, mainly through Europe and Duty free.

The Company anticipates full year performance for year ended 31 March 2018  to be in line with market expectations and we look forward to reporting our audited full year results in June 2018.

Premium gin continues to remain buoyant and Blackwoods gin is enjoying strong growth especially in the UK with a very positive response from the trade and consumers to our 2017 Vintage.  

RedLeg Spiced Rum volumes and revenues continue to grow ahead of the market and showed excellent progress across both On Trade and retail markets.

Blavod Black Vodka sales volumes showed further good growth during the quarter, mainly through Duty Free and Eastern Europe. 

Distil will be attending the UK Investor Show at the Queen Elizabeth II Centre, London on Saturday 21 April. Attendees can meet Directors and representatives of the Company at Stands 77 & 78 on the day.

Don Goulding, Executive Chairman of Distil, said:

"Our key brands enjoyed very good growth year on year during Q4. We continue to focus on brand building activities supported by distribution gains and are pleased with the excellent progress made to date.   

We are delighted with the response to our new premium packaging and 2017 Vintage for Blackwoods Gin.

We expect premium spirits to continue to outperform the overall spirits market and are confident that our brands remain well positioned within their respective category." 

For further Information:

Distil PLC
Don Goulding Executive Chairman Shaun Claydon, Finance Director	Tel: [phone]
SPARK Advisory Partners Limited (NOMAD)
Neil Baldwin Mark Brady	Tel [phone]
Turner Pope Investments (TPI) Ltd (Broker)
Andy Thacker	Tel [phone]

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

 

END

 

 

MSCILMFTMBMBBFP