Stock Spirits (STCK LN, BUY, T/P 300p) remains broadly on track to meet both our own and consensus revenue expectations in 2017. However, we make modest changes to our profit forecasts partly due to a shift in the expected geographic pattern – i.e. less Polish revenue compensated for by Italy and Czech Republic. That said, overall revenue and profit performance will continue to be driven by Polish vodka pricing and volume. Necessarily, key competitor behaviour remains uncertain. Stock S
12 Oct 2017
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More Flavour to Savour
- Published:
12 Oct 2017 -
Author:
Chris Wickham -
Pages:
5
Stock Spirits (STCK LN, BUY, T/P 300p) remains broadly on track to meet both our own and consensus revenue expectations in 2017. However, we make modest changes to our profit forecasts partly due to a shift in the expected geographic pattern – i.e. less Polish revenue compensated for by Italy and Czech Republic. That said, overall revenue and profit performance will continue to be driven by Polish vodka pricing and volume. Necessarily, key competitor behaviour remains uncertain. Stock S