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Science in Sport sees annual profit rising 37% as sales soar

By BFN News | 07:50 AM | Wednesday 09 January, 2019

Sports nutrition company Science in Sport said it expected to post a 37% rise in annual sales, partly owing to its acquisition of PhD Nutrition. Sales for the year through December were expected to grow to £21.3m following completion of the PhD Nutrition deal on 6 December. On an underlying basis, sales were expected to grow 27% to £19.8m, with second-half growth accelerating to 34%. Science in Sport said its overall results for the full year were expected to be in line with market expectations. They would be announced on 20 March. 'Our consistent strategy of investment in brand and innovation produced a strong performance in line with our expectations,' chief executive Stephen Moon said. 'We remain committed to an omni-channel strategy, however our focus on the growth drivers of the business and developing international markets produced exceptional results.' 'The board remains confident of continued strong growth in 2019 and beyond.' Story provided by

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