Published on: June 7, 2017
A breakthrough year …
Distil has had another strong year of sales and volume progression, which has culminated in the company delivering a maiden profit from its owned brands. This has been driven once again primarily through the RedLeg Spiced Rum and Blackwoods Gin and Vodka brands, which have benefited from achieving further listing gains in both the supermarket and pub channels. These brands have capitalised on the continuing growth of premium spirits and the rise of the cocktail phenomenon across an ever broader spectrum of ontrade formats. Distil is well-positioned to benefit from these trends in
the UK and export markets from its existing brand portfolio and potential new product development. On the basis of FY17’s forecast beat, we have raised our FY18 and FY19 PBT forecasts, and we also initiate on FY20.