AGM Statement

RNS Number : 7805F

Nichols PLC

30 April 2014

 



Date:	Immediate release, Wednesday 30 April 2014
Contacts:	John Nichols, Non-Executive Chairman
	Marnie Millard, Group Chief Executive Tim Croston, Group Finance Director
	Nichols plc
	Telephone:  [phone]
	Website:www.nicholsplc.co.uk
	Nick Lyon / Alex Brennan	Richard Lindley
	Hudson Sandler	N+1 Singer (Nominated Adviser)
	Telephone:[phone]	Telephone:  [phone] 496 3000
	Email: [e-mail]	Website: www.n1singer.com

Nichols plc

AGM Statement

John Nichols, Non-Executive Chairman of Nichols plc, the soft drinks group, will make the following statement at the Group's Annual General Meeting to be held later today:

Current Trading

"Whilst it is still early in the year, I am pleased to report that the Group's profit performance is in line with management expectations and ahead of the prior year.

After the first four months of 2014, our UK sales performance is ahead of the market and the 2013 comparative period, despite the challenging economic conditions affecting the grocery trade. Our export sales are per management expectations at this early stage of the year.

In 2014 we will continue to invest for growth and during April we have introduced the new Vimto branding across the whole range. This is supported by the launch of our new TV campaign featuring the Vimtoad.

In summary, the Board are satisfied with the first four months performance for 2014 and are confident of delivering full year results in line with expectations."

- ENDS -

Notes to Editors:

Nichols plc is a highly focused soft drinks business.  Its brand portfolio includes Vimto, which is sold in over 65 countries and Levi Roots (soft drinks), Sunkist, Panda and Weight Watchers which are sold in the UK.  The Group has a leading market position in both the "Still" and "Carbonate" drinks categories.

 

END

 

 

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