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Blavod sales boost

Published:  23 July, 2008

Blavod Extreme Spirits continues to make big sales gains.

Blavod Extreme Spirits continues to make big sales gains. At the company's annual meeting, chairman Colin Campbell announced: 'Our brands across the portfolio have performed strongly in the first quarter with revenue in the US ahead by more than 63% and revenue in the UK ahead over 47% of the same period last year.'

In its latest financial year to 31 March Blavod had achieved 72% gains in sales growth to 5.4 million, with gross margins improving to 31.2% and shipments 51.4% ahead.

Since the company was listed on the AIM market in 2004, investors have had a roller-coaster ride. After rising to 43.5p in spring 2004, the shares now sit at below 20p.

However, Campbell said that the board was 'pleased with progress' and that the prospects for 2006/07 were good.

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