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  • 17 Jan 2017

Successful Christmas trading leads to...........forecast upgrades


Distil PLC (DIS:LON) | 0.2 0 0.0% | Mkt Cap: 3.27m


  • Progressive Equity Research
    • David Jeary

    • 3 pages


 

On the back of a very strong Q3 trading period, with revenues up by over 70% and volumes by 56%, the Board now anticipates that Distil’s FY17 results “will be ahead of current market expectations”. We are consequently raising our revenue forecasts for the next three years, which also see improvements to our bottom line PBT projections. Brand marketing spend growth of 88% in Q3 was running ahead of revenue growth, reflecting the ongoing brand investment across the product portfolio. This dilutes the impact of operational leverage, but still sees our previous PBT loss of c £120K educe by to thirds to £40K. A strong Q4 performance could potentially see Distil achieve breakeven, but we prefer to err on the side of prudence at this stage.


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See all the research we have on this company.

Successful Christmas trading leads to...........forecast upgrades


Distil PLC (DIS:LON) | 0.2 0 0.0% | Mkt Cap: 3.27m


  • Published: 17 Jan 2017
  • Author: David Jeary
  • Pages: 3
  • Progressive Equity Research


On the back of a very strong Q3 trading period, with revenues up by over 70% and volumes by 56%, the Board now anticipates that Distil’s FY17 results “will be ahead of current market expectations”. We are consequently raising our revenue forecasts for the next three years, which also see improvements to our bottom line PBT projections. Brand marketing spend growth of 88% in Q3 was running ahead of revenue growth, reflecting the ongoing brand investment across the product portfolio. This dilutes the impact of operational leverage, but still sees our previous PBT loss of c £120K educe by to thirds to £40K. A strong Q4 performance could potentially see Distil achieve breakeven, but we prefer to err on the side of prudence at this stage.



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