Blavod Extreme Spirits PLC
22 April 2005
Blavod Extreme Spirits plc ('the Company' or 'Blavod')
Trading Update
Blavod Extreme Spirits plc (L.BES) is issuing this trading update to coincide
with the completion of the Company's fiscal year-end. When it announces audited
results in late June, 2005, the Company expects to report that case shipments
during the fiscal year to 31 March 2005, will slightly exceed the market's
expectations. This will represent an approximate increase of 114% on a
year-on-year basis.
The Company's UK shipments advanced with Blavod Black Vodka volumes 23% ahead of
the same period last year. As in past periods, growth continued to be led by
the top three multiple supermarket customers where volume increased almost 22%
ahead of last year. Other brands in the UK portfolio, including those in the
Babco line, recorded strong case sales increases on a year-on-year basis.
Similarly, Blavod Black Vodka shipments in the US continue to be very
encouraging having trebled on a year-on-year basis.
The repackaged Players Extreme line of infused vodkas and rums continued to
propel sales in the US market and represent the largest percentage of sales
increases in the US, while the Company's Italian wine project gained further
inroads in additional areas of the country.
Group turnover is expected to be broadly in line with expectations. However,
lower marketing costs and tighter control of working capital, will create a
significantly larger cash balance than the market expected at year-end.
In addition, the Company continues to identify new sales opportunities which are
very encouraging for the remainder of the 2005 calendar year and beyond.
Jeffrey Hopmayer, Chief Executive of Blavod Extreme Spirits plc, commented:
'I am delighted with the progress we have made as a public company both in terms
of financial performance and strategic development. Strong trading,
particularly in the second half of our fiscal year, together with the creation
of our wine division in the US, provides a tremendous platform and momentum for
organic growth in the future.'
Blavod Extreme Spirits, plc (BES.L), established in 2003, is a London-based and
publicly traded company, with U.S. subsidiary offices, Blavod Extreme Spirits
USA, Inc., headquartered in Franklin, Tenn. In addition to Blavod Black Vodka,
the Company's portfolio includes the award-winning Players Extreme line
featuring Five Times Distilled Vodka along with intensely infused Green Apple,
Cherry, Lemon, Mandtango (mandarin/tangerine) and Caramel vodkas. The Players
Extreme brand also offers flavor-infused rums - Banana, Coconut and Mango. The
Company also represents a wine portfolio in the US, including Italian estates,
Baroncini and Bruno Rocca, among others. Agency brands represented in the UK,
include the Babco brand of products
For more information on Blavod Extreme Spirits, log on to:
www.blavodextreme.com
www.playersextreme.com
www.blackvodka.com
www.blavod.com
Further details:
Cardew Group Tim Robertson 020 7930 0777
Blavod Extreme Spirits Jeff Hopmayer 001 615 771 9111
This information is provided by RNS
The company news service from the London Stock Exchange
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