Stock Spirits fights on all fronts

Stock Spirits fights on all fronts

Half-year results from Stock Spirits (STCK) were dubbed a “credible performance” after revenue growth of 5.3 per cent and EPS growth of 9.1 per cent came in comfortably ahead of expectations. But that doesn’t mean it has enjoyed an easy ride. Conditions remain challenging across many of the group’s core markets – especially the Czech Republic and Italy – although Poland looks more stable. There, the group managed to grow sales by 4 per cent at constant currencies despite an intensely competitive pricing environment. Crucially, upgraded expectations for that market have helped to underpin full-year guidance.

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