01/11/2022, 18:06 Science in Sport PLC | Half Year Trading Update | InvestEgate

Science in Sport PLC

Half Year Trading Update
RNS Number : 8639E
Science in Sport PLC
09 July 2019
 

9 July 2019
 
SCIENCE IN SPORT PLC
("SiS", "Company" or "Group")
 
Half Year Trading Update
 and Notification of Results
 
Science in Sport  plc  (AIM: SIS), the premium performance nutrition company serving
elite athletes, sports enthusiasts and the gym lifestyle community, is pleased to
announce its pre-close trading update for the six months ended 30 June 2019.
 
Group revenue for the six month period was £24.9m, up 152% compared with the
same period last year (H1 2018: £9.9m) reflecting the acquisition of PhD Nutrition Ltd
("PhD") in December 2018 and strong growth of the SiS brand. On a like-for-like basis,
total Group sales grew 21%.
 
The PhD brand traded in line with expectations in the six month period, with half year
sales up 16% at £12.4m (H1 2018 pro forma £10.7m*). International sales were up
58% while UK sales were up 7%.
 
The SiS brand's sales were up 25% in the period at £12.5m (H1 2018: £9.9m) driven by
international growth, up 55%. Growth in the UK was up 10% and sales from the SiS
website were up strongly at 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.
 
Further international initiatives are anticipated in the current half year, including the test
marketing of PhD in the US this summer and the Middle Eastern launch of the SiS brand
via PhD's existing distribution.
 
New product launches during the period included PhD's vegan Smart Bar Plant, which is
already PhD's fourth best-selling product, and the SiS brand's innovative range for
footballers of all levels. Planned launches in the current half include the SiS vegan
Plant20 Bar.
 
The Group's cash position at the half year remained strong at £5m.
 
The Group continues to trade well and remains in line with market expectations for the
full year.
 
Notification of Half Year Results
The Company will issue its financial results for the six months ended 30 June 2019 on
Wednesday 18 September 2019. A meeting for analysts will be held on the morning of
the results announcement at 9.30 am at the offices of Buchanan, 107 Cheapside,
London EC2V 6DN.  For further information please phone Buchanan on 020 7466 5000
or email ScienceInSport@buchanan.uk.com.
 
*For meaningful comparison, pro forma numbers have been used for PhD H1 2018 when the
business was not owned by the Group.
 
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For further information:

Science in Sport plc +44 (0) 20 7400 3700

Stephen Moon, Chief Executive Officer

Elizabeth Lake, Chief Financial Officer

Liberum +44 (0) 20 3100 2000

adviser and broker
Nominated

Bidhi Bhoma

James Greenwood

Buchanan Communications +44 (0) 20 7466 5000

Financial PR

ScienceInSport@buchanan.uk.com
Mark Court
Vicky Hayns

Tilly Abraham

 
Notes to Editors
 
About Science in Sport plc
 
Science in Sport plc is a leading sports nutrition business that develops, manufactures
and markets innovative nutrition products for professional athletes, sports and fitness
enthusiasts and the gym lifestyle community. The Company has two highly regarded
brands: PhD Nutrition, a premium protein brand targeting gym lifestyle and sports
enthusiasts, and SiS, a leading brand among elite athletes and professional sports
teams.

The two brands are sold internationally through multiple retail channels, both
traditionally and online, including major supermarkets and high street chains, specialist
sports retailers and e-commerce sites including Amazon and the brands' own websites. 
They enable the Company to address the full breadth of the performance nutrition
market currently estimated at approximately £10 billion worldwide.

PhD is one of the  UK's  leading protein brands with a reputation for high quality and
product innovation. The brand has grown rapidly, based on its core protein powders,
since launch in 2005. The range now comprises powders, bars, flapjacks, drinks and
other products including the high protein, low sugar range, PhD Smart. PhD is the
exclusive sports nutrition supplier to David Lloyd Clubs and its brand ambassadors
include rapper Bugzy Malone, WBA international champion Jordan Gill and Team GB
Olympic sprinter Asha Philip.

SiS, founded in 1992, has a core range comprising gels, powders and bars focused on
energy, hydration and endurance. SiS is the official sports nutrition supplier to many
professional cycling teams and organisations including Team INEOS, British Cycling,
Cycling Australia, USA Cycling and USA Triathlon. SiS supplies more than 80 professional
football clubs in the UK and is an official partner to British Triathlon and the Rock 'n' Roll
Marathon Series. SiS brand ambassadors include Olympians Sir Chris Hoy MBE, Mark
Cavendish MBE and Adam Peaty MBE.

Science in Sport is headquartered in  London. Its shares joined the AIM market of the
London Stock Exchange in August 2013 and trade under the ticker symbol SIS.

For further information, please visit www.scienceinsport.com

 
 

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