Published on: January 16, 2018
Strong peak Christmas trading
Distil’s full-year outturn is forecast to be in line with market expectations, following strong trading across its peak Q3 (Oct – Dec) period in what remains a highly competitive market. Despite playing up against the toughest quarterly comparative of last year, when revenue rose 71%, this Q3 delivered revenue (and volume) growth of 19%. Growth was strong across all trade channels, most notably online, albeit from a much smaller base than the On Trade and Off Trade channels. The resultant two-year quarterly growth rate is therefore the best achieved thus far this year, with Q3 revenue in the current year more than double that achieved in Oct – Dec 2015. Our full-year forecasts therefore remain unchanged.