Trading Performance On Track At Nichols

In a brief statement ahead of its AGM yesterday, soft drinks group Nichols said its trading performance for the year to date was in line with management expectations.

It added that whilst trading conditions within the UK grocery market remained challenging, its UK revenues were benefiting from the incremental impact of both The Noisy Drinks Company Limited, of which we acquired the remaining equity in January this year, and the Feel Good brand acquired in July 2015.

Having launched its new no added sugar Vimto Remix range, the group said its focus has also been on preparing for the re-launch of the Feel Good brand, a range of premium adult juice drinks which have no added sugar and contain 100% natural ingredients. The re-launch will be introduced to the trade ahead of the summer trading season.

Whilst still at a relatively early stage of the year, Nichols said it expects to deliver full year earnings in line with market expectations.