AUSTRALIA: Xanadu reaffirms '04 forecast
"The increase in profitability is expected from increased revenues, improved efficiencies and the benefits of our ongoing cost reduction programme," said acting CEO, Sam Atkins who replaced Andrew Moore as the company's head last month.
"We have entered into new distribution arrangements for the Normans and NXG brands in the key USA market with the initial orders being shipped in the first quarter of this financial year," Atkins said. "The NXG Vinfive brand is exceeding expectations in the UK. We are also working hard to improve our product mix to improve both per case revenues and margins."
Atkins added that Xanadu was forecasting sales for 2003/04 of A$29m.
- SABMiller & Meantime: Notes for the New Owner
- Comment - How to Target Cognac's Mok Generation?
- Analysis - Keurig Kold fails to impress
- Analysis - The Value of Prosecco
- The Beer Engine that is Africa
- Whyte & Mackay takes on Flor de Caña in UK
- Diageo takes Baileys, Gordon's marketing in-house
- Castel acquires stake in Belvedere
- Carlsberg cuts 180 staff
- Suntory to buy Japan Tobacco beverage unit
- Global Tequila insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Global rum insights - market forecasts, product innovation and consumer trends research
- Africa: The Final Frontier for Beer
- Diageo plc (DGE) - Financial and Strategic SWOT Analysis Review