8th Jan 2016 07:36
LONDON (Alliance News) - Soft drinks company Nichols PLC on Friday said trading for 2015 was in line with its expectations, and its profit for the year should meet market forecasts.
Nichols, which owns the Vimto drink brand, said revenue for the year to the end of December was GBP109.3 million, in line year-on-year and with the company's expectations.
The group said the UK soft drinks market has remained challenging, but its international business remained strong and offset those challenges, despite the company facing some disruption from shipping to Yemen, due to the ongoing conflict in that country.
UK sales were down 0.3% in the year to GBP84.9 million, with a good performance by Vimto but some weakness in the fizzy drinks category.
Overall, the group said trading met its expectations for the year, and its profit should rise year-on-year and be in line with market forecasts.
By Sam Unsted; [email protected]; @SamUAtAlliance
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