Business
AGM trading update
AGM trading update.
About this update from Nichols Plc
[{"type":"text","content":"\n \nRNS Number : 6506X Nichols PLC 01 May 2019 \n\n \n\n\n\nDate:\n\n\nEmbargoed until 0700 Wednesday 1 May 2019 \n \n\n\n\n\n \nContacts:\n\n\n\n\n\n\n\nMarnie Millard, Group Chief Executive Officer\nTim Croston, Group Chief Financial Officer\nAndrew Milne, Group Commercial Director\n\n\n\n\n\nNichols plc\n\n\n\n\nTelephone: 01925 222 222\n\n\n\n\nWebsite: www.nicholsplc.co.uk\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAlex Brennan/ Hattie O'Reilly \n\n\nRichard Lindley/ Rachel Hayes\n\n\n\n\n\n\n\nHudson Sandler\n\n\nN+1 Singer (Nominated Adviser)\n\n\n\n\n\n\n\nTelephone: 020 7796 4133\nEmail: [email protected]\n\n\nTelephone: 0207 496 3000\nWebsite: www.n1singer.com\n\n\n\n \nNichols plc\n(\"the Group\")\nAGM trading update\n \nJohn 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:\n \nCurrent Trading\n \nTotal Group revenue for the first quarter of 2019 was £30.6m (2018: £27.8m).\n \nInternational sales growth in Q1 has been strong with revenue totalling £6.5m, which is 24.4% ahead of the prior year period (Q1 2018: £5.2m). This performance was anticipated as the Middle East returned to growth following the relatively softer comparatives in Q1 2018. \n \nIn the UK, first quarter sales totalled £24.1m which was 6.8% ahead of the prior year period (Q1 2018: £22.5m). \n \n \nOutlook\n \nWhilst we believe that trading conditions will remain challenging in 2019, we anticipate that full year earnings will be in line with market expectations.\n \n- ENDS -\n \n \nNotes to Editors:\nNichols 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. \n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution...