Stock Spirits Group PLC - Interim Results 2017

9 August 2017: Stock Spirits Group PLC (“Stock Spirits” or the “Company”), a leading owner and producer of premium branded spirits and liqueurs that are principally sold in Central and Eastern Europe, announces its results for the six months ended 30 June 2017.

FINANCIAL HIGHLIGHTS

• Total revenue €119.8 million, an increase of 3.3% (2016: €116.0 million)
• Operating profit €16.5 million, an increase of 32% (2016: €12.5 million)
• Profit after tax €11.7 million, an increase of 40% (2016: €8.4 million)
• Basic EPS 6 € cents per share, an increase of 50% (2016: 4 € cents per share)
• Interim dividend 2.38 € cents per ordinary share, an increase of 4.8% (2016: 2.27 € cents)
• EBITDA¹ €22.0 million, an increase of 23.4% (2016: €17.9 million)

OPERATIONAL HIGHLIGHTS

• Total sales volume increase of 7.3% to 5.7 million 9 litre cases (2016: 5.4 million)
• Poland top line and profit growth; increased market shares since December 2016
• Over €2.5 million of savings recorded in the period from initiatives implemented in 2016
• Restructuring of operations and legal teams expected to generate incremental savings of €1.5 million from the start of next year
• Investment in high growth, high margin, category of Irish whiskey through an equity investment – the Company’s second bolt-on deal in nine months
• New distribution arrangements in place with Synergy in Bosnia and Croatia, Distell in the UK, and Beam in Slovakia

Full press release (ENG)