Nichols PLC (AIM:NICL) said its profit expectations remain unchanged for 2022, though it continually faces significant inflationary pressure.
A formal search is underway to find a successor to chairman John Nichols, who announced plans to retire after 50 years at the group and 15 years as non-executive chairman.
The soft drinks company's group revenue increased 28.9% year-on-year to £39.6mln.
In spite of Covid restrictions through the first quarter of 2021, the group's out-of-home route to market has seen significant growth at 1,387% year-over-year, the company said in a trading update.
The Vimto brand has outperformed the UK soft drink market, with growth of 10.8% in value terms in the year to date, compared to a growth of 9.8% for the overall market.
As a result of national driver industrial action in Spain caused by rising fuel prices, the group's International division has had a slower start than in the prior year and is down 16%.
The company said it is taking steps to mitigate these pressures.