NICL Nichols Plc

TIDMNICL

RNS Number : 9970L

Nichols PLC

25 April 2018

 
 Date:       Embargoed until 0700 Wednesday 25 April 2018 
 Contacts:   John Nichols, Non-Executive Chairman 
             Marnie Millard, Group Chief Executive Officer 
              Tim Croston, Group Chief Financial Officer 
              Andrew Milne, Group Commercial Director 
             Nichols plc 
             Telephone: 01925 222 222 
             Website: www.nicholsplc.co.uk 
 
             Alex Brennan/ Hattie O'Reilly       Richard Lindley 
             Hudson Sandler                      N+1 Singer (Nominated Adviser) 
             Telephone: 020 7796 4133            Telephone: 0207 496 3000 
              Email: nichols@hudsonsandler.com    Website: www.n1singer.com 
 

Nichols plc

("the Group")

AGM trading update

John Nichols, Non-Executive Chairman of Nichols plc, the soft drinks group, will make the following statement at the Group's Annual General Meeting to be held at 11.00 am today:

Current Trading

UK revenue for the first quarter of 2018 is ahead of the prior year both on a reported and like for like* basis, and compares favourably to the total UK soft drinks market growth of 2.6% (Nielsen year to date to 24 March 2018). As previously reported and as anticipated, the ongoing conflict in Yemen and the timing of the majority of shipments for Ramadan 2018 falling into Q4 2017 has impacted international sales in Q1 2018.

Outlook

We maintain our previous guidance for 2018 and currently expect full year earnings to be in line with market expectations.

*Like for like sales excludes the incremental sales from D J Drink Solutions Ltd acquired in June 2017

- ENDS -

Notes to Editors:

Nichols plc is an international soft drinks business with sales in over 85 countries, selling products in both the Still and Carbonate categories. The Group is home to the iconic Vimto brand which is popular in the UK and around the world, particularly in the Middle East and Africa. Other brands in its portfolio include Feel Good, Starslush, ICEE, Levi Roots and Sunkist.

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGMIIMFTMBJTBJP

(END) Dow Jones Newswires

April 25, 2018 02:00 ET (06:00 GMT)

Nichols (LSE:NICL)
Historical Stock Chart
From Apr 2024 to May 2024

Nichols (LSE:NICL)
Historical Stock Chart
From May 2023 to May 2024