US: Cosentino upbeat on 2005 figures
Cosentino Signature Wines is expecting its full-year turnover to beat expectations.
The US-based wine producer said today (25 January) that a strong fourth quarter should help sales for the year to 31 December to marginally exceed the board's expectations.
Turnover in the final quarter came in around 34% up on the corresponding period last year.
The company noted that monthly sales volumes through third-party distributors increased by about 30%, with record trading volumes achieved in November and December. Retail sales in November and December were up 52% and 61% respectively.
Cosentino described last year's grape harvest as "exceptionally good in terms of grape yields and quality, and we have again been able to buy and grow grapes at competitive prices".
"Consistent with the company's strategy outlined at the time of the AIM listing, the company actively continues to review complementary acquisition candidates," the company added.
The company will post its full-year figures in March.
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