date:Jul 30, 2014
UK beverages group Nichols has achieved strong growth of 11% in pre-exceptional profit to 10.0 million in the first half of 2014 on sales up 3% to 56.6 million as it outperformed the UK soft drinks market which grew at 2.7%. Operating profit advanced 12% to 9.9 million and operating margins improved from 16% to 18%.
Sales growth in the UK was largely driven by the carbonate category which was 11% ahead compared to the first six months of 2013. Importantly, the incremental sales were achieved wh