Half Year Results 

Nichols: glass half-full?

Nichols: glass half-full?

Soft drinks group Nichols (NICL) reported single-digit growth at every level of its income statement for the first half, with the relatively muted return stemming from mixed trading across its core geographies. The UK enjoyed 13.2 per cent revenue growth to £53.8m over the six months – buoyed by its Vimto drink continuing to outperform the market. In the year to date, sales of Vimto were up 9 per cent against a 3.7 per cent increase for the UK soft drink market as a whole. Encouragingly, the UK’s out-of-home revenue rose 13.6 per cent.

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