- Stock Spirits Group has announced that it now expects the range for full year earnings (EBITDA) to be between Euro 50m and Euro 54m, before any FX impact, rather than the previous range of between Euro 60m and Euro 68m.

The Company cited aggressive pricing from competitors in Poland and irregular buying patterns by customers as the main reason behind today's revised guidance.

It added that this has led to continued movement in sales away from Traditional Trade to Discounters in Poland. During November, customers' orders fell significantly short of expected commitments and consequently the Company does not have confidence that this shortfall will be made up in December.

Meanwhile, Stock Spirits said that results from its other markets remain in line with expectations.

At 3:50pm: [LON:STCK] Stock Spirits Group share price was -21.25p at 151.75p

Story provided by