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Vimto Sales Climbing, Along With Nichols’ Revenue, Profit

July 21, 2017: 12:00 AM EST
British beverage company Nichols plc, maker of the popular carbonated beverage Vimto, reported a six-month rise in profit of 7.1 percent to $16.6 million, and year-over-year revenue increase of 12.4 percent to $82.8 million. Vimto is a blend of the juices of grapes, raspberries, and blackcurrants, plus herbs and spices. Sales growth of Vimto outstripped the overall market, growing 10 percent year-on-year compared to 2.9 percent growth by the total soft drinks market. Nevertheless, Chairman John Nichols said the outlook for the U.K. market will remain “challenging.” [ Image credit: © Vimto  ]
Daniel Flynn, "MARKET REPORT: Soaring sales of Vimto in the UK and Middle East boost profits at Nichols", Daily Mail (London), July 21, 2017, © Associated Newspapers Ltd
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