Published on: October 24, 2017
Strong first half results
Distil has delivered a strong set of results against last year’s pipeline fill from winning new listing contracts with major retailers. This effect was most marked in Q2, with Q1 also benefiting this year from the later timing of Easter. Top line revenues increased by 23% to £818K, with gross margin held broadly flat. The operating loss was cut by 68% to £21K (vs £66K last year), with the corresponding operating loss margin improving to 2.6% from 9.9% last year. The key RedLeg and Blackwoods Gin brands continue to deliver value and volume growth, outperforming their respective categories, underlining their brand strengths and underpinned by continuing brand investment.
