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Science In Sport (SIS)

Share Price:
Down 55.00p
Change Today:
-1.50p
Market Cap:
67.55m

Science in Sport revenues soar following PhD acquisition

09 Jul 19

LONDON (ShareCast) - (Sharecast News) - Performance nutrition company Science in Sport saw revenues skyrocket in the first half of its trading year, driven by its recent acquisition of protein drink manufacturer PhD Nutrition.
Group revenue for the six months ended 30 June came to 24.9m, a 152% year-on-year increase, while on a like-for-like basis, total group sales grew 21%.

The AIM-listed group said PhD had traded in line with expectations during the half, with half-year sales up 16% at 12.4m. International sales were up 58%, while UK sales were up a more modest 7%.

Science in Sport branded sales rose 25% to 12.5m, again driven by international growth of 55%, while growth in the UK was 10%. Online sales pushed up 52%.

"Integration of the two businesses is progressing well and is in line with our plan and expectations. Important milestones achieved in the first half include relaunching the PhD.com website, opening an e-commerce fulfilment facility and exploiting international distribution synergies, for example, the PhD brand has been launched in a number of existing SiS markets," it said.

Science in Sport also noted that its cash position at the half remained strong at 5m and said it continued to trade well and remain in line with market expectations for the full year.

As of 0905 BST, SIS shares climbed 4.50% to 62.70p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Market Data

Currency UK Pounds
Price 55.00p
Change Today -1.50p
52 Week High 74.00p
52 Week Low 50.75p
Volume 11,082
Shares Issued 122.82m
Market Cap 67.55m

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