Blavod Extreme Spirits PLC
06 April 2006
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 financial year-end. When it announces
audited results in late June, 2006, the Company expects to report that case
shipments during the 12 months to 31 March 2006, will show significant growth
and be broadly in line with market turnover expectations and ahead of market
expectations regarding operating performance.
In the US, this represents an approximate increase of almost 98% on a
year-on-year basis. Our Players Extreme line of infused vodkas and rums
continued to propel sales in the US market, while the Company's Italian wine
portfolio showed strong increases over last year. The joint venture with
Suntory, Diamante Spirits, has started well, with our newly launched ultra
premium tequila, El Diamante del Cielo continuing to gain momentum in the
marketplace. Margins in the US delivered continued improvements with significant
increases from Blavod Black Vodka.
The Company's sales in the UK advanced almost 34% 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 approximately 23% ahead of last
year. UK agency brands, led by Babco and Molinari also made strong gains.
Jeffrey Hopmayer, Chief Executive of Blavod Extreme Spirits plc, commented:
'I am very encouraged by the initial results delivered by our teams in the US
and the UK. Trading continues to deliver strong growth, with improved gross
margins. I look forward to the future contributions from the recently announced
Cockspur agreement, along with continued growth from all our company owned and
agency brands.'
Blavod Extreme Spirits, plc (LSE:BES), is an international spirits company based
in London with U.S. offices in Franklin, Tennessee. BES produces and sells its
black-coloured vodka, aptly called Blavod, throughout the world. BES also
produces and sells the award-winning, intensely flavoured line of Players
Extreme vodkas and rums. In the United States, BES is the exclusive distributor
of an elite wine portfolio of fine Italian wines. BES also maintains a joint
venture with Suntory, Diamante Spirits, which owns El Diamante del Cielo
tequilas. Agency brands represented in the UK, include Mickey Finn's from Babco,
Fernet Branca bitters, Marie Brizard liqueurs, Molinari Sambuca.
For more information on Blavod Extreme Spirits, log on to:
www.blavodextreme.com
Further details:
Cardew Group Tim Robertson 020 7930 0777
Brewin Dolphin Mark Brady 011 3241 0129
Keith Williams 011 3241 0186
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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