Stock Spirits (STCK LN, BUY, T/P 300p) - More Flavour to Savour
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 Spirits retains its advantage in premium and flavours, which are less subject to pricing disruption.Stock Spirits Group is a spirits company. Co. along with its subsidiaries are engaged in the production and distribution of branded spirits in Central and Eastern Europe. Co.'s spirits include vodka, flavoured vodka, rum, brandy and herbal bitter liqueurs. Co. has more than 40 brands and export internationally to more than 40 countries worldwide. Co.'s brands include Zoladkowa de Luxe, Lubelska, Zoladkowa Gorzka, Stock Prestige, 1906, Fernet Stock, Bozkov, Amundsen, Keglevich, Limonce, Stock Original, Keglevich, Golden, Stock 84, Fernet Stock Citrus, and Hammerhead. Co. has operations in Poland, Czech Republic, Italy, Slovakia, Croatia, and Bosnia and Herzegovina.
Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.
The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.
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