Distil plc
- Market Cap (£m) 3.4
- Listing AIM
- Quick links:
- Company Website
- Annual Report
Analysts
Company Description
Distil's primary activities are the development, marketing and selling of a portfolio of proprietary alcoholic spirit brands. The company is in essence a brand incubator within the global spirits industry. Distil markets and sell its brands in a number of international markets including the UK, USA, Canada, Germany, France, Spain, Russia and Australia. Its leading brands are RedLeg Spiced Rum and Blackwoods Gin, both of which comprise several product variants. Other group brands include Blackwoods Vodka, Diva Vodka and Blavod Black Vodka, the latter made under licence in Europe. The latest portfolio addition is a range of vodkas distilled with real fruits and botanicals, with a lower ABV (alcohol by volume) strength of 30%, under the TR?VE brand.
Investment Summary
Distil's strategy is focused on the high value-added development and incubation of its premium owned brands, with the manufacture of its liquids outsourced to third-party producers. These brands are marketed domestically and internationally, with a view to attracting commercial interest from larger industry players. Distil delivers growth through two principal routes, namely increasing the distribution of existing products (through both on-trade and off-trade channels) and new product development (NPD). Distil's NPD activities take several forms: the creation of a new spirit/brand; the introduction of new flavour variants within a brand; new packaging/formulations. The best example of the latter is Distil's collaboration with Franklin & Sons to produce canned, pre-mixed drinks of its spirits with Franklin's mixers for the Ready to Drink (RTD) market segment.
Recent Content
Q4 revenue performance best of the year, though slightly shy of market expectations
13/04/2023 Distil plc
Distil’s FY23E trading performance has been disappointing, with full-year revenue more than halving, resulting in a higher loss […]
One-off factors adversely impact Q3 trading
16/01/2023 Distil plc
A number of primarily one-off factors has resulted in a 48% decrease in revenue to £411k in Distil’s […]
Interim results reflect business model shift
13/10/2022 Distil plc
Distil’s interim results to 30 September 2022 reflect the financial consequences of the strategic change to its business […]
Q1 reflects re-modelling for a stronger future
13/07/2022 Distil plc
Distil’s Q1 trading update reflects the recently announced changes to the company’s business model, with the group assuming […]
FY22 results reflect challenging comparatives
13/06/2022 Distil plc
Distil’s FY22 results reflect the exceptional performance delivered in FY21, when sales rose 48% following the distortions caused […]
A strong Q4 performance delivered
06/04/2022 Distil plc
Distil delivered a strong final quarter (Q4) for the FY22E financial year to end March 2022, as anticipated […]
Trading update…
17/01/2022 Distil plc
Distil’s trading update continues to reflect the impact of distortions from Covid-related lockdowns and consumer stockpiling. The company […]
Interim Results – Strategic investment in Ardgowan
19/10/2021 Distil plc
Distil faced very tough sales comparatives in H1 against the exceptional prior year performance (+128%), driven by the […]
An encouraging start
12/07/2021 Distil plc
Distil has delivered a positive start to the FY22E year with both revenues and volumes posting good growth […]
Delivering strong growth
14/06/2021 Distil plc
Distil has delivered a strong set of results in FY21 despite the unprecedented challenges thrown up by the […]
Another year of strong sales growth
15/04/2021 Distil plc
Distil’s full-year trading update for FY21 bears witness to strong sales and EBITDA growth, despite the challenges presented […]
A strong Q3 trading performance
13/01/2021 Distil plc
In its key trading quarter, Distil has delivered a strong year-on-year revenue increase of 22%, despite 2020’s relatively […]
Company Management Team
Don Goulding
Executive Chairman
Don joined the Distil Board mid 2010 as Non-Executive Director moving to Non-Executive Chairman in February 2011 and Executive Chairman in November 2011. Previously held both UK and international senior management roles with Diageo including Managing Director Diageo UK from 1998, following five years in Spain as Managing Director UD Iberia (Diageo) other roles included positions based in various overseas markets and Global Brand Boards for Smirnoff and Tanqueray-Gordon and Chairman of The Portman Group.
Shaun Claydon
Finance Director
Shaun joined the Distil Board in 2015 as part time Finance Director. He is a qualified chartered accountant, corporate financier and CFO with over 18 years lead advisory and main board experience. He has particular expertise in bringing companies to AIM and the Main Market. Shaun has previously held advisory roles at PwC, Evolution Securities, BDO and HSBC Investment Banking and has also recently served as CFO to two venture backed International Life Science companies.
