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The Artisanal Spirits Company

Sales-and-membership-growth-drives-momentum-new-CEO-appointment-24-Jan-2023.pdf

Sustained growth in both sales revenue and membership numbers drove overall momentum for the Artisanal Spirits Company (ASC) in FY2022. The company appears well placed to deliver results in line with expectations and achieve further growth in FY2023, under the new leadership of Andrew Dane as CEO, announced today. In our view, ASC’s valuation continues to look attractive, especially considering the amount of owned maturing whisky stock – i.e. £445m at nominal value. We reiterate our 150p Fair Value for the shares.

Sales and membership growth drives momentum