April 17 (Reuters) - Majestic Wine PLC:
* FY18 UPDATE - TRADING IN LINE WITH MARKET EXPECTATIONS:
* FY18 ADJUSTED EBIT EXPECTED TO BE IN LINE WITH MARKET EXPECTATIONS*
* DIVIDEND EXPECTED TO BE IN LINE WITH MARKET EXPECTATIONS FOR FY18*
* GROUP INTENDS TO INCREASE INVESTMENT IN NEW CUSTOMER ACQUISITION IN FY19:
* WE WILL INVEST AN ADDITIONAL £9M TO £12M, OF WHICH £7M TO £10M IS DIRECTED AT GROWTH AND £2M WILL ENSURE WE DRIVE GROWTH SAFELY
* THIS WILL REDUCE ADJUSTED EBIT IN FY19 BY £2M TO £3M (VERSUS FY18), BUT INCREASE ANNUAL GENERATION OF FUTURE VALUE FROM £48M TO £80M+ A YEAR Source text for Eikon: Further company coverage: (Reporting By UK Bureau)