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Vimto maker Nichols says UK soft drinks market "to remain challenging"
April 26, 2017 / 7:13 AM / 8 months ago

Vimto maker Nichols says UK soft drinks market "to remain challenging"

(Reuters) - Nichols Plc (NICL.L), the London-listed maker of Vimto soft drinks, warned on Wednesday that its home UK market would remain challenging this year, “with the addition of currency-related input cost inflation to an already price-competitive environment”.

    However, the company said in a statement ahead of its annual general meeting of shareholders that first-quarter trading had been in line with management expectations, with UK sales up by 3.4 percent, and it still expected full-year earnings “to be in line with market expectations.”

    The company sells drinks in the still and carbonated categories worth over 100 million pounds a year in over 85 countries.

    Reporting by Rahul B in Bengaluru; Editing by Greg Mahlich

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