Published on: May 7, 2019
Q4 trading update
Distil has published a trading update on its Q4 performance, ahead of its prelims announcement next month. Revenues and volumes fell in Q4 as a result of Distil’s successful promotional activities in the peak Q3 period alongside the late timing of Easter. These declines were however in line with management expectations. Distil’s full year performance is therefore anticipated to be in line with current market expectations, and our forecasts remain unchanged. Distil has also announced the welcome launch of a new flavour variant to its successful RedLeg spiced rum brand. Sales of this brand extension, Caramelised Pineapple, will commence in June, initially with a soft launch through the on-trade channel only.