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Vodka maker Stock Spirits says 2017 trading ahead of its expectations

Published 09/01/2018, 07:36
Updated 09/01/2018, 07:40
© Reuters.  Vodka maker Stock Spirits says 2017 trading ahead of its expectations

(Reuters) - Vodka maker Stock Spirits Group Plc (L:STCK) said trading in 2017 was slightly ahead of its expectations, led by a recovery in its key market Poland.

The company, which has been stabilising its Polish business after a period of sales declines, said the business performed well despite high competition.

Stock Spirits, which makes three-quarters of its revenue from Poland and Czech Republic, said both these markets continued to show growth in both volume and value terms.

The Eastern Europe-focused vodka maker had net sales revenue of 261 million euros (230.07 million pounds) and earned 28.4 million euros last year.

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