LONDON (ShareCast) - (ShareCast News) - Science in Sport's sales surged, largely coming from its website, while the sports nutrition company focused on developing international markets.
The AIM-listed company said it remains "confident of continued strong growth in 2017 and beyond".

Revenue climbed 30% to £12.24m in the year ended 31 December 2016, compared to last year.

It continued to invest its website, scienceinsport.com, and its operations resulted in direct sales doubling year-on-year, and third party online retailers delivered "robust growth".

During the year, the company focused on expanding internationally as its Australian operation delivered sales ahead of plan, while it made investments in e-commerce websites in the US, Italy, Germany and the Netherlands. The company said in 2017 it will focus on the US and Italian markets in particular.

Marketing investment resulted in "increased brand awareness and usage", and with capital investment in the Nelson site in Lancashire, production line efficiencies improved gross margin despite currency related price increases in the fourth quarter of 2016.

The outlook for the margins "remains positive, despite some slight increases in input costs".

Shares in Science in Sport were up 4.92% to 75.02p at 1051 GMT.

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