CHILE: Vina Concha y Toro sees Q3 sales rise
Viña Concha y Toro has posted a healthy lift in sales for its third quarter and year so far.
The Chilean wine producer said late last week that sales in the three months to the end of September registered a 12.4% increase on the corresponding period a year earlier, coming in at CLP96.16bn (US$175.7m). For the first nine months of 2009, sales leapt by 14.8% to CLP222.89bn.
While Concha y Toro's performance abroad delivered a 10.5% increase in sales in the quarter and a 14.3% lift for the year so far, domestically wine sales were up by 7.9% and 5.8% respectively.
However, the firm posted a massive 274.5% leap in domestic sales from other products for the quarter - and 234.9% for the year so far - thanks to the national distribution deal it secured with Diageo back in March.
In volume terms, Concha y Toro's export markets were up by only 2.2% for the three-month period, with domestic wine volumes inching up by 3.6%. Year to date, export volumes were up by 7% with domestic wine volumes up by 3.4%.
The full trading update can be viewed here.
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