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 outperforms markets in Poland and Czechia

By Josh White

Date: Tuesday 08 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Central and eastern Europe-focussed spirits and liqueurs producer Stock Spirits Group updated the market on its full year of operations on Tuesday, reporting that overall trading for the 12 months ended 30 September was in line with its expectations.
The London-listed firm said the Polish and Czech spirits markets, which together delivered around three-quarters of its revenue, continued to show growth both in volume and value terms.

It said its Polish business had continued to perform "well", despite trading conditions remaining highly competitive, outperforming total vodka growth in both the clear and flavoured sub-categories, and gaining volume and value share.

The board said it was also pleased with the "strong performance" of its Czech business, which outperformed total spirits growth and achieved both volume and value growth.

"The Czech performance was driven by the success of our strategic initiatives including premiumisation, new product development and the addition of the Beam-Suntory distribution brands," the Stock Spirits board said in its statement.

The company said the acquisition of Distillerie Franciacorta, announced in January, was successfully completed in early June as planned.

"We are on track with integrating it with our existing Italian business. Similarly the acquisition in the Czech Republic of the Bartida businesses, which are focused on the premium on-trade market, was announced and completed in May."

Group cash flow from operations for the year was described as "strong", resulting in net debt on 30 September of around €43m after the funding of the two acquisitions.

As it had previously reported, Stock's Polish subsidiary, Stock Polska, was issued with an assessment by the Polish tax authorities in respect of its 2013 corporate income tax return, which was appealed in January.

The company said the appeal was currently progressing through the process, and based on advice from its taxation advisors, it considered it "likely" that it would ultimately be successful.

Stock Spirits noted that the next hearing was not expected in 2019.

"At our half-year results in May we referred to the possibility of increases in indirect taxation in the Czech Republic, Poland and Italy from 1 January 2020.

"In the Czech Republic, legislation proposing a 13% increase in excise tax on spirits from 1 January 2020 is expected to be ratified later this month.

"We are implementing a range of necessary actions ahead of this change."

The company said there had been no further indications in relation to any such changes in Poland or Italy.

Stock Spirits said it would announce its results for the year ended 30 September on 4 December.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

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

Top of Page