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Science in Sport expects FY results in line with expectations

By Iain Gilbert

Date: Tuesday 14 Jan 2020

Science in Sport expects FY results in line with expectations

(Sharecast News) - Performance nutrition company Science in Sport expects its full-year trading results for 2019 to be in line with market expectations and show a strong performance in key growth metrics.
Science in Sport said on Tuesday that 2019 was "a landmark year" for the group, representing the first full year of ownership of the PhD brand following its acquisition in December 2018.

The AIM-listed group expects to report total sales of £50.5m, a marked improvement on the £21.3m recorded in 2018, as underlying sales at PhD grew 23% to £26m and SiS sales grew 24% to £24.5m.

E-commerce sales were up 34% to £16.1m, international retail was 44% higher at £12.6m and UK retail was 8% stronger at £21.8m

Chief executive Stephen Moon said: "2019 was a landmark year for Science in Sport during which we integrated the PhD acquisition as planned and continued our strategic growth focus on e-commerce and international markets.

"We remain confident of the outlook for 2020 and beyond, supported by a robust balance sheet and strong innovation pipeline."

As of 0950 GMT, SIS shares had ticked up 0.71% to 42.30p.

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