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Stock Spirits reports strong growth from Polish and Czech businesses
Spirits distilling company Stock Spirits Group announced that momentum from its strong first half had carried on to the second, with the firm expecting results for the full-year to come in slightly ahead of expectations.
Stock Spirits posted continued growth in both volume and value terms from its Polish and Czech Republic business units, which together, make up approximately three-quarters of the group's total revenue.
The group's Polish business performed well as the group made progress towards its strategic priorities despite trading conditions continuing to be highly competitive.
Group cash flow was said to be "strong" throughout the year, resulting in a reduction in Stock's net debt from 60m at the end of the previous financial year to roughly 53m as of 31 December 2017.
Full-year results are due on 7 March.
As of 1500 GMT, shares had gained 1.51% to 268.50p.