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Pre-Close Trading Statement

28th Jan 2014 07:00

RNS Number : 6252Y
Stock Spirits Group PLC
28 January 2014
 



28 January 2014

Stock Spirits Group PLC, London

Pre-Close Trading Statement

 

Stock Spirits Group, a leading Central and Eastern European branded spirits producer, is pleased to provide its pre-close trading statement covering a review of the final quarter of the 2013 financial year.

Performance for the 4th Quarter, and the 2013 year as a whole, in line with management expectations

Christopher Heath, CEO of Stock Spirits Group, commented:

"Given the strong Q4 performance, the Group is well placed to deliver full year results in line with management expectations and we remain excited about the Group's opportunities for future growth in Central and Eastern Europe.

The Polish Government increased excise duty on strong alcohol by 15% which came into effect on 1st January 2014. As expected, the impact upon the Group of the duty increase will have been to increase reported Sales and EBITDA in 2013 and to reduce reported Sales and EBITDA in 2014."

-Ends-

For further information

Stock Spirits Group: +44 (0) 1628 648 500

Christopher Heath, Chief Executive Officer

Lesley Jackson, Chief Financial Officer

Andrew Mills, Investor Relations Director

Bell Pottinger: +44 (0) 20 7861 3232

Clinton Manning

Dan de Belder

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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