27th Apr 2016 08:27
LONDON (Alliance News) - Nichols PLC said trading in 2016 to date is in line with management expectations, ahead of its annual general meeting on Wednesday.
The soft drinks group said that while trading conditions within the UK grocery market remain challenging, UK revenue is benefiting from the incremental impact of The Noisy Drinks Co which it acquired in January, and the Feel Good brand which it bought last year.
Nichols said it will relaunch the Feel Good brand ahead of the summer trading season. Earlier this year, it launched Vimto Remix, the latest no-added-sugar addition to the Vimto brand.
"At this relatively early stage of the year, we are pleased with our performance to date and expect to deliver full-year earnings in line with market expectations," Non-Executive Chairman John Nichols said in a statement.
Shares in Nichols were trading down 1.1% at 1,320.00 pence on Wednesday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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