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BRIEF-Stock Spirits says trading in full-year ended Dec 31 in line with expectations
January 11, 2017 / 7:12 AM / a year ago

BRIEF-Stock Spirits says trading in full-year ended Dec 31 in line with expectations

Jan 11 (Reuters) - Stock Spirits Group Plc :

* Pre close trading update

* Today provides a pre-close trading update for full-year ended 31 december 2016.

* Overall trading in second half of 2016, and therefore for full-year ended 31 december 2016, was in line with expectation

* Polish vodka market continued to show growth in both volume and value terms (source: Nielsen Ytd Nov 2016)

* Our polish business has performed well in highly competitive trading conditions and continues to make progress on root and branch initiatives.

* Group cash flow for year was strong, resulting in net debt at 31st December 2016 of circa eur 60m (2015: eur 57.2m). Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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