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Distil maintains guidance as revenues rise 29% in Q3

By BFN News | 08:46 AM | Monday 21 January, 2019


Distil, owner of premium drinks brands said Monday third-quarter revenues and volumes increased by 29%, supported by a 53% increase in brand marketing investment. The company also maintained its outlook for the full year. 'Our brands continued to perform well in Q3, growing volume and value across all trade channels in a highly competitive market,' said Don Goulding, Executive Chairman of Distil. 'We increased marketing investment in promotional activity over the Christmas period to build stronger consumer awareness, trial and purchase of our key brands.' 'Early reports from major customers indicate good year-on-year sales in the four weeks running up to Christmas, although consumers appeared to leave many purchases and celebrations until late in the month.' 'The outlook for the final quarter to 31 March 2019 remains positive with full year out-turn expected to be in line with market expectations.' At 8:46am: (LON:DIS) Distil Plc Ord 0.1p share price was -0.13p at 2.33p Story provided by StockMarketWire.com

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