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Investegate |British Honey Co. Announcements | British Honey Co.: Results for the 9 months ended 31 December 2020

Investegate |British Honey Co. Announcements | British Honey Co.: Results for the 9 months ended 31 December 2020
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City snapshot: Nichols annual sales drop 19% as out of home revenues slump

By Alec Mattinson2021-01-12T09:00:00+00:00
Top story
Vimto producer Nichols has reported a 19.3% drop in 2020 revenues as the coronavirus outbreak decimated out of home sales.
During the 12 months to 31 December 2020 Nichols said the Vimto brand achieved “strong growth” in the UK and the group’s International business continued to perform well.
However, progress was offset by declines in the UK out of home route to market, as a result of the coronavirus pandemic.
Fourth quarter revenues in OoH were 84% lower than those seen in the same period of 2019 as large proportions of the UK entered Tier 3 and Tier 4 restrictions resulting in the closure of outlets ....

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