Stock Spirits Group PLC - Interim Results 2015

Stock Spirits Group PLC, a leading Central and Eastern European branded spirits producer, announces its results for the six months ended 30 June 2015.

FINANCIAL HIGHLIGHTS

• Total revenue €108.0 million (2014: €137.7 million)
• Operating profit before exceptional costs €5.2 million (2014: €23.2 million)
• Profit after tax €0.2 million (2014: €16.8 million)
• Basic EPS €0.0012 per share (2014:€0.084 per share)
• Interim dividend €0.0125 per ordinary share
• EBITDA before exceptionals €10.8 million (2014: €28.6 million)

OPERATIONAL HIGHLIGHTS

• Total volume 4.9 million 9 litre cases (2014: 6.8 million)
• Ongoing market disruption in Poland leading to very poor quarter 1 but much improvedquarter 2
• Management focus on Poland turnaround and ongoing premiumisation of the portfolio, including core brand packaging upgrades and new product development (NPD)
• Other markets' performance in line with expectations
• New warehouse opened in Poland to provide flexibility and efficiency in supply chain operations
• Positive start with new distribution agreements with Beam Suntory in Croatia and Bosnia
• Further 6 international spirits awards won, reflecting the high quality nature of the Group's products

News at Stock Spirit website