Soft drinks firm Nichols has made a solid start to 2019, with robust performance in both its domestic and overseas divisions.
In an AGM trading update, the maker of the Vimto brand revealed that its first quarter revenue was up 10.1% to £30.6m.
In its core UK business, sales rose 6.8% to £24.1m.
Meanwhile, international sales jumped 24.4% to £6.5m, buoyed by a return to growth in the Middle East after a weak comparable period in 2018.
Looking ahead, Chairman John Nichols said: “Whilst we believe that trading conditions will remain challenging in 2019, we anticipate that full year earnings will be in line with market expectations.”
NAM Implications:
- Small scale, but enviable growth…
- Worth a what if re your brand/s.
