Nichols (LON:NICL) - On another day of tumbling share prices the Vimto boys shine!
Nichols, the soft drinks group famed for its Vimto brand issued a reassuring AGM statement boosting the shares up 3% - that's about as good as it gets when the FTSE fall 25%!
Despite demanding comparatives with 2009, which was “an exceptionally good year for the group”, sales in the new financial year are well ahead of last year (2009 £72m) and the group’s own internal expectations. Even the UK has joined the party with turnover significantly up and out-performing the market as a whole. The group has introduced a cherry flavoured version of its iconic Vimto brand . Vimto Cherry was launched in a carbonated format in January and to date sales have also significantly exceeded the group’s initial projections. Unlike its giant peer’s Cherry Cola drink, Vimto Cherry is also available…