Distil (DIS)

Sector:

Beverages

Index:

FTSE AIM All-Share

 1.95p
   
  • Change Today:
      0.000p
  • 52 Week High: 3.10p
  • 52 Week Low: 1.15p
  • Currency: UK Pounds
  • Shares Issued: 662.73m
  • Volume: 112,817
  • Market Cap: £12.92m

Distil FY revenues show 'significant' growth despite Covid-19 impacts

By Iain Gilbert

Date: Wednesday 14 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Spirits manufacturer Distil said on Wednesday that its unaudited full-year volumes and revenues had shown "significant" year-on-year growth.
Distil stated revenues advanced "strongly" by 48% to £3.61m despite operating in "a challenging climate", with increased sales occurring in most existing markets and exports surging 81% as new territories were brought onboard.

As a company, Distil said it had grown above spirits market growth, with both RedLeg Spiced Rum and Blackwoods Vintage Gin growing 50% in revenue. However, the firm noted that trade volume was hit by closures in the hospitality sector, but also across travel retail which impacted the sales of Blavod Vodka - resulting in a decline of 65%.

The AIM-listed group also noted that Covid-19 had impacted gross margins, down from 59% to 56% as it suffered additional production costs caused by inefficiencies associated with social distancing measures and secondary movement of goods as inventory was transferred to more accessible locations.

However, despite Covid-related production charges and investment into new product development, adjusted underlying earnings growth for the full year was expected to be roughly 55% on a like-for-like basis to £302,000, with cash generation also remaining strong and growing 31% year-on-year.

Chief executive Don Goulding said: "I am pleased to report strong results at the end of a challenging 12 months which saw us cope with global lockdowns, significant operating restrictions in the on-trade channel, and a tricky Brexit transition.

"The outlook for the coming year is positive as restrictions are eased, consumer confidence grows, and social activity is restored. Against this backdrop we will confidently continue to drive growth and invest in new products which offer shareholder value."

As of 0930 BST, Distil shares were down 8.67% at 2.74p.

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Distil Market Data

Currency UK Pounds
Share Price 1.95p
Change Today 0.000p
% Change 0.00 %
52 Week High 3.10p
52 Week Low 1.15p
Volume 112,817
Shares Issued 662.73m
Market Cap £12.92m

Distil Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.32% below the market average70.32% below the market average70.32% below the market average70.32% below the market average70.32% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average
Price Trend
33.26% above the market average33.26% above the market average33.26% above the market average33.26% above the market average33.26% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income Not Available
Growth
90.12% above the market average90.12% above the market average90.12% above the market average90.12% above the market average90.12% 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

Distil Dividends

No dividends found

Trades for 23-Sep-2021

Time Volume / Share Price
12:07 7 @ 2.02p
11:08 10,198 @ 2.03p
10:39 102,612 @ 1.91p

Distil Key Personnel

Finance Director Shaun Claydon

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