UK-listed soft drinks supplier Nichols (NICL) has reported a 7.3% boost to full year revenues for 2016, boosted by increased Vimto sales and acquisitions.
Total revenues for the year to 31 December rose to £117.3m from £109.3m in 2015, driven by 6.9% growth in UK sales to £90.7m.
Sales of its Vimto brand were 5% ahead of the period year, which UK revenues were also boosted by its acquisition of The Noisy Drinks Co.
This growth is significantly ahead of the UK soft drinks market as a whole, which grew by just 0.8% in the year to 3 December 2016 according to Nielsen.
Nichols’ international revenues were up 8.8% to £26.6.
The firm stated: “The board is pleased with the 2016 group sales performance and expects full year profit and earnings per share to be ahead of the prior year and in line with expectations.”
Its shares edged up 0.3% to 1,597p on the news – the shares are up 18.7% over the past year.
Nichols’ preliminary results will be released on 2 March 2017.