Stock Spirits Group Plc on track for year supported by rise in excise tax in Poland and the Czech Republic

1 min read | February 06, 2020 08:43 AM GMT | By Team Kalkine Media

Stock Spirits Group Plc (LON:STCK) has released a trading update for the period from 1 October 2019 to 6 February 2020.

  • The company stated that it is on track for the year as on whole, supported by the rise in excise tax in Poland and the Czech Republic.
  • The company reported that in Q1, in Poland, supported by growth from both the flavoured and clear vodka segments, the total Vodka market in the region recorded value growth of 4.8 per cent and volume growth of 2.3 per cent against Q1 last year.
  • In the Czech Republic, the total spirits market growth in value terms was of 6.4 per cent, and in volume terms, it was of 4.9 per cent during Q1.
  • On 6th February 2020, at the time of writing, GMT 08:08 AM, STCK shares were trading at GBX 213.50, up by 3.50 points or 1.67% against the previous day closing price.

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