Stock Spirits Group (STCK)

Sector:

Beverages

Index:

FTSE Small Cap

238.00p
   
  • Change Today:
      7.00p
  • 52 Week High: 240.00
  • 52 Week Low: 132.60
  • Currency: UK Pounds
  • Shares Issued: 200.00m
  • Volume: 354,720
  • Market Cap: £476.00m

Stock Spirits swings to interim profit, announces Czech acquisition

By Michele Maatouk

Date: Tuesday 14 May 2019

LONDON (ShareCast) - (Sharecast News) - Stock Spirits said on Tuesday that it swung to an interim profit as it announced the acquisition of a premium spirits business in the Czech Republic.
In the six months to the end of March 2019, the owner and producer of branded spirits and liqueurs sold mostly in Central and Eastern Europe and Italy swung to an operating profit of €5.8m from a loss of €1.4m in the same period a year ago.

Revenue rose 8.2% to €156.9m as volumes of 9 litre cases jumped 6.8% to 7.4m and the company lifted its interim dividend 5.2% to 2.63 cents per share.

Stock Spirits said that both its Polish and Czech businesses, which together represent more than 80% of group's sales, delivered good growth in market share, sales and profits.

The vodka category in Poland continues to grow in both volume and value - especially the flavoured category and the more premium segments - thanks to increasing consumer affluence.

In the Czech Republic, three of the four main spirits categories - rum, vodka and whisky - are in volume and value growth, which the company said has more than compensated for a contraction in herbal bitters.

In Italy, which represents around 8% of group revenue and 3% of adjusted EBITDA, the environment remains "challenging", with revenue, profits and margins all lower. Stock Spirits said the total market declined slightly in volume, and value remained flat, with consumption hit by high unemployment and low economic growth.

The group also announced the acquisition of Czech Republic spirits business Bartida for an initial consideration of €7.3m and a deferred consideration of up to €3.7m over five years.

Chief executive officer Mirek Stachowicz said: "We delivered a strong organic growth performance in our core markets of Poland and the Czech Republic in the period, achieving strong increases in market shares, volume, revenues and profit.

"Looking to the future, the recently announced acquisitions in Italy and the Czech Republic are a clear sign that we are committed to delivering growth both inorganically and organically. Overall, we believe that the strength of our brands and our strategy means that Stock Spirits is well positioned for further success."

At 1255 BST, the shares were down 0.4% at 233p.

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STCK Market Data

Currency UK Pounds
Share Price 238.00p
Change Today 7.00p
% Change 3.03 %
52 Week High 240.00
52 Week Low 132.60
Volume 354,720
Shares Issued 200.00m
Market Cap £476.00m

STCK Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
40.82% below the market average40.82% below the market average40.82% below the market average40.82% below the market average40.82% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
66.29% above the market average66.29% above the market average66.29% above the market average66.29% above the market average66.29% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
18.86% above the market average18.86% above the market average18.86% above the market average18.86% above the market average18.86% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Growth
10.03% below the market average10.03% below the market average10.03% below the market average10.03% below the market average10.03% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

What The Brokers Say

Strong Buy 7
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 7
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

STCK Dividends

  Latest Previous
  Interim Final
Ex-Div 28-May-20 30-Jan-20
Paid 19-Jun-20 21-Feb-20
Amount 2.77¢ 6.31¢

Trades for 22-May-2020

Time Volume / Share Price
16:35 3,605 @ 238.00p
16:29 43 @ 238.50p
16:29 45 @ 238.50p
16:29 243 @ 238.50p
16:26 58 @ 238.50p

STCK Key Personnel

CEO Miroslaw Stachowicz
CFO Paul Bal

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