Half Year Trading Update

RNS Number : 1662P

Science in Sport PLC

30 September 2013

 



For immediate release

30 September 2013

SCIENCE IN SPORT PLC

("SiS" or the "Company")

Half Year Trading Update

Science in Sport plc (AIM: SIS), a leading sports nutrition company, is pleased to announce the following pre-close trading update ahead of its financial results for the half year ended 30 September 2013.

The Board is pleased to report another period of significant revenue growth with sales expected to be up 23 per cent, compared with the same period last year, at approximately £3.95 million.

Revenue growth in the half year has been driven by strong sales of isotonic gels, food bars and hydration tablets and reflects the Company's on-going investment in product innovation, sales and marketing.

The revenue growth highlights the strength of the SiS brand and the resilience of the sports nutrition category. The growth was evident in all channels including major grocers, high street outlets, independent retailers and e-commerce, as well as in international markets.

Pre-tax profits for the half year are expected to be in line with management expectations and the Board remains confident of the outlook for continued revenue growth in the full year.

Science in Sport intends to issue its half year results in early December 2013.

For further information:

Science in Sport PLC	[phone]
Stephen Moon, CEO
Cenkos Securities	[phone]
Bobbie Hilliam - NOMAD and Broker
Buchanan	[phone]
Mark Court / Sophie McNulty / Fiona Henson
[e-mail]

About Science in Sport plc

Science in Sport plc is a leading sports nutrition company that develops, manufactures and markets sports nutrition products for professional athletes and sports enthusiasts. SiS is a strong brand in the elite athlete community - in the 2012 London Olympics, 24 medal-winning athletes or teams used SiS products.

The SiS core product ranges include: SiS GO, comprising energy powders, isotonic gels, energy bars and hydration tablets; and SiS REGO, including protein-based recovery powders and bars. SiS products are sold in a range of retail channels, including specialist sport retailers, major grocers, high street retailers and e-commerce websites.

SiS is currently the official sports nutrition supplier to cycling teams Rapha Condor JLT, Belkin Pro Cycling, Madison Genesis, Pro Team Astana and Team Katusha. SiS is also currently the official supplier of sports drinks and sports nutrition to the GB Rowing Team. Mark Cavendish, the Manx Missile, is an elite sports consultant and Olympians Sir Chris Hoy, Helen Jenkins and Rebecca Romero are official brand ambassadors.

SiS was founded in 1992 and is headquartered in Windsor, Berkshire. Its manufacturing facility is in Nelson, Lancashire.

SiS shares are traded on the AIM market of the London Stock Exchange under the ticker symbol SIS.

For further information, please visit www.scienceinsport.com

 

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