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Stock Spirits Group ("the Company"), a leading owner and producer of premium branded spirits and liqueurs that are principally sold in Central and Eastern Europe, today provides a pre-close trading update for the full-year ended 31 December 2016.
Overall trading in the second half of 2016, and therefore for the full-year ended 31 December 2016, was in line with expectations.
The Polish vodka market continued to show growth in both volume and value terms (source: Nielsen YTD Nov 2016). Our Polish business has performed well in highly competitive trading conditions and continues to make progress on the root and branch initiatives.
Group cash flow for the year was strong, resulting in net debt at the 31st December 2016 of circa €60m (2015: €57.2m).
The Company will announce its full-year results for the year ended 31 December 2016 on Wednesday 8 March 2017, when it will provide a more detailed update on trading and the Company's performance during the year across all its key markets, including a briefing on progress against the key initiatives previously announced in 2016.
For further information
Stock Spirits Group:
Lesley Jackson, Chief Financial Officer
+44 (0)1628 648 500
+44 (0)20 7250 1446
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