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Stock Spirits Group, a leading Central and Eastern European branded spirits producer, is pleased to provide its pre-close trading statement covering a review of the final quarter of the 2013 financial year.
Performance for the 4th Quarter, and the 2013 year as a whole, in line with management expectations
Christopher Heath, CEO of Stock Spirits Group, commented:
“Given the strong Q4 performance, the Group is well placed to deliver full year results in line with management expectations and we remain excited about the Group’s opportunities for future growth in Central and Eastern Europe.
The Polish Government increased excise duty on strong alcohol by 15% which came into effect on 1st January 2014. As expected, the impact upon the Group of the duty increase will have been to increase reported Sales and EBITDA in 2013 and to reduce reported Sales and EBITDA in 2014”
For further information
Stock Spirits Group:
+44 (0) 1628 648 500
Christopher Heath, Chief Executive Officer
Lesley Jackson, Chief Financial Officer
Andrew Mills, Investor Relations Director
+44 (0) 20 7861 3232
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