Search Share Prices
Distil gets RedLeg Rum another big pub chain listing
(WebFG News) - Premium drinks brand owner Distil announced on Friday that another leading pub chain with national coverage has listed RedLeg Spiced Rum for its outlets, further increasing the brand's presence and availability throughout the UK.
The AIM-traded firm owns the brands RedLeg Spiced Rum, Blackwoods Gin and Vodka, Blavod Black Vodka, Jago's Cream Liqueur and Diva Vodka.
It also reported continued strong growth in sales volumes and revenues during the fourth quarter through March 2018.
Unaudited year-on-year fourth quarter revenues rose by 28% and volumes grew by 37%.
Growth in volumes ahead of revenues reflected the continued growth in licensed sales for Blavod Black Vodka, mainly through Europe and duty free, the board explained.
The company said it anticipated full-year performance for year ended 31 March to be in line with market expectations.
Premium gin continued to remain "buoyant", and Blackwoods gin was said to be enjoying strong growth, especially in the UK with a positive response from the trade and consumers to its 2017 vintage.
RedLeg Spiced Rum volumes and revenues continued to grow ahead of the market, and reportedly showed "excellent progress" across both the on trade and retail markets.
Blavod Black Vodka sales volumes showed further good growth during the quarter, mainly through duty free and Eastern Europe.
"Our key brands enjoyed very good growth year on year during the fourth quarter," said executive chairman Don Goulding.
"We continue to focus on brand building activities supported by distribution gains and are pleased with the excellent progress made to date."
Goulding said the board was "delighted" with the response to its new premium packaging and 2017 vintage for Blackwoods gin.
"We expect premium spirits to continue to outperform the overall spirits market and are confident that our brands remain well positioned within their respective category."