PUNT OF THE WEEK: AIM-listed alcoholic drinks maker Distil

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PUNT OF THE WEEK: AIM-listed alcoholic drinks maker Distil surged 97% between January and March

By Daily Mail City & Finance Reporter

Published: | Updated:

AIM-listed drinks maker Distil’s brands include Blackwoods Gin and Red Leg Spiced Rum

What is it?

An AIM-listed alcoholic drinks maker whose brands include Blackwoods Gin and Red Leg Spiced Rum.

What’s the latest?

Sales surged 97 per cent between January and March – the final quarter of its financial year.

Distil said it ramped up production when Covid-19 hit but the sales jump – which is higher than the 22 per cent rise reported across the industry – was also down to weaker results ahead of Brexit last year.

Who backs it?

Howard Raymond, the son of the self-styled ‘King of Soho’ Paul Raymond, is the biggest investor, with a 10.9 per cent stake.

Why should you invest?

It moved quickly to supply booze to supermarkets and small grocers when the coronavirus pandemic began, which it will likely continue to benefit from.

And why shouldn’t you?

The ongoing impact of bar and restaurant closures could hurt sales this year so it has scrapped its financial guidance for the time being.

And its performance is not trailed by analysts, making it harder to find in-depth assessments of the business.

 

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