A number of primarily one-off factors has resulted in a 48% decrease in revenue to £411k in Distil’s peak Q3 trading period (to end December). The principal reasons behind this were: the continuing effects of the one-off reduction in UK market stock cover arising from the change in business model and removal of the UK distributor; a softer-than-expected UK spirits market; and systems issues within a major customer, resulting in sub-optimal replenishment. Distil has indicated that FY23 revenue wi ....
16 Jan 2023
PROGRESSIVE: Distil: One-off factors adversely impact Q3 trading
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PROGRESSIVE: Distil: One-off factors adversely impact Q3 trading
Distil PLC (DIS:LON) | 0.6 0 0.0% | Mkt Cap: 5.43m
- Published:
16 Jan 2023 -
Author:
David Jeary -
Pages:
4
A number of primarily one-off factors has resulted in a 48% decrease in revenue to £411k in Distil’s peak Q3 trading period (to end December). The principal reasons behind this were: the continuing effects of the one-off reduction in UK market stock cover arising from the change in business model and removal of the UK distributor; a softer-than-expected UK spirits market; and systems issues within a major customer, resulting in sub-optimal replenishment. Distil has indicated that FY23 revenue wi ....