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Science in Sport losses deepen on higher marketing, online spending

By BFN News | 07:52 AM | Wednesday 20 March, 2019

Sports nutrition company Science in Sport posted a deeper annual loss owing to higher spending on marketing, online and an international expansion. Pre-tax losses for the year through December amounted to £6.0m, compared to losses of £3.9m on-year, even as revenue rose 37% to £21.3m. '2018 was another period of very strong growth, the sixth consecutive year where SiS has significantly outperformed the sector,' chief executive Stephen Moon said. 'We saw strong performance in all online channels and international markets.' 'Our strategy of consistent investment in brand equity, our best in class e-commerce platform and product innovation contributed to this success.' 'Continuing improvements in factory and supply chain efficiencies underpinned a very robust gross margin.' 'Our core business generated operating profits of £2.0m.' Story provided by

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