Half Year Results 

Stock Spirits grows stronger in Poland

Stock Spirits grows stronger in Poland

Stock Spirits (STCK) continues to be on the road to recovery under chief executive Mirek Stachowicz. His “root and branch review” helped the group regain market share in Poland, its largest market, which had been lost to Russian competitors. Lowering prices in the region did weigh on the gross margin, pushing it to just under 50 per cent. But Mr Stachowicz said this was more than offset by cost-cutting at the group level, including closing the Swiss office and moving operations and legal teams closer to the markets they serve. This delivered €2.5m (£2.3m) in savings during this period, with another €1.5m expected from the start of next year.

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