A strong final quarter….
Distil has published its Q4 trading update, confirming a strong finish to
FY20E and outperforming the wider UK alcohol market. Against a weak
Brexit-driven performance in Q4 last year, Distil delivered a volume increase
of 80%, with revenues almost doubling with a 97% increase. Demand was
strong from off-trade (retail) customers, looking to bolster stocks in
response to the COVID-19 outbreak and subsequent higher levels of endconsumer
demand. Management has confirmed FY20E performance to be
in line with current market expectations, as outlined in its February update.