Pre-close Trading Update
07 Januar 2008 - 8:00AM
UK Regulatory
RNS Number:1490L
Cosentino Signature Wines plc
07 January 2008
7 January 2008
Cosentino Signature Wines plc ("Cosentino" or "the Company")
Pre-close Trading Update
Cosentino Signature Wines plc, the AIM listed Napa Valley based wine company is
pleased to announce that, following the successful turnaround of the business by
Larry Soldinger, who reassumed his roles as CEO and Executive Chairman in
February 2007, and the Company's strengthened Board, trading has continued to
improve.
Revenues for the year are expected to show growth of over 35% year-on-year to
approximately US$11m, representing both a record sales result and record
year-on-year growth over Cosentino's 16 year history. Wholesale revenues have
increased by approximately 50% year-on-year, reflecting management's focus on
distributor relationships throughout the year. Retail sales have continued
their strong performance with a year-on-year increase of over 20% and the
Cosentino Wine Club membership has risen to 6,640 (2006: 5438).
The Board remains confident in the future growth prospects for the business and
looks forward to announcing the Company's preliminary results for the year ended
31 December 2007 in April 2008.
- Ends -
Enquiries
Larry Soldinger
C/O Billy Clegg at Financial Dynamics
020 7831 3113
Jonathon Brill/Billy Clegg/Edward Westropp
Financial Dynamics
020 7831 3113
Jonathan Wright
Seymour Pierce
020 7107 8000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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