Distil update doesn’t go down well with investors

By
0 mins. to read
Distil update doesn’t go down well with investors
Master Investor Magazine

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

The price of shares in AIM-listed drinks manufacturer Distil (LON:DIS) has sunk by 21.44% to 1.10p (as of 13:10 BST) after it posted disappointing first quarter sales figures. The firm said that year on year revenues for the three months to the end of June were down by 20% and that volumes had dropped by 15% year-on-year.

Executive chairman Don Goulding said: “Our UK sales are below last year, which had seen growth of 27% versus the previous year, mainly due to fewer promotional slots and poor weather through the quarter especially when compared to 2018. This affected, in particular, our spiced rum sales. Our Distribution remains strong. We have new promotional activities planned for the remainder of this financial year and our full year forecasts remain in line with current market expectations“.

Take part in our poll

Which asset managers’ products do you hold?


The Master Investor Show 2020 tickets are now available. Join us at the Business Design Centre on Saturday 28 March 2020.

Book your FREE tickets today using code: MIBLOG

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

YOUR FREE INVESTMENT MAG

Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.