Nichols sees FY profit in line with expectations

Nichols said it is pleased with the 2016 group sales performance and expects full year profit and earnings per share to be ahead of the prior year and in line with expectations.

Group revenue for the year has increased by 7.3% totalling £117.3m (2015: £109.3m). The growth has come from both the UK and International business activities. In the UK, sales have increased by 6.9% against the prior year to £90.7m (2015: £84.8m).

This increase has been driven by sales of the Vimto brand, which were 5% ahead of the prior year, and the incremental revenues from the successful acquisition of The Noisy Drinks Co. Ltd.

This performance is significantly ahead of the UK soft drinks market which grew by 0.8% in the year to 3 December 2016 (source: Nielsen).

International sales grew by 8.8% to £26.6m, an increase of £2.2m versus 2015.