GERMANY: Jaegermeister boosted by US growth
German spirits distiller Mast-Jaegermeister has reported a net profit of €49.7m (US$59.3m) for 2003. The figure compares to €31m for 2002, as the company benefited from a strong year at its US division.
The results were on the back of a 13% increase in total sales in the year, which reached €251m. However, the US division reported sales reaching 48.6m bottles compared to 41m in 2002.
International business accounted for around 65% of sales, with the US making up 39% of the combined turnover - the first time it has been bigger than Germany, which registered 35% of business.
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