Late yesterday, Chilean wine company Concha y Toro reported a healthy boost in sales and profits. Here, just-drinks takes a closer look at the company’s performance by region and brand in the three months to the end of June:
- Asia saw overall volumes rise 18%, driven by increases in China (+64%), Japan (+12%) and Australia (+114%)
- Canada registered a 23% lift in sales, positively impacted by higher sales of Casillero del Diablo (+64%) Frontera (+20%) and Cono Sur’s brands (+15%)
- The UK saw a 4.8% lift in volumes, driven by the core brands: Casillero del Diablo (+17%), Trivento Reserve (+35%) and Cono Sur Bicicleta (+39%)
- The Mexican market grew volumes 21%, boosted by higher sales of Reservado CyT (+19%), Maipo Blend (+50%) and Casillero del Diablo (+33%)
- Chile saw a 5.7% volumes lift, driven by Casillero del Diablo (+15%) and Cono Sur’s portfolio (30%)
- In the US, subsidiary Fetzer Vineyards saw domestic volumes lift 9.8% and exports rise 35.1%. Brand Fetzer, Bonterra and the new Zinfandel 1000 Stories showed “attractive momentum”, Concha y Toro said.
- Sales in the Argentinean subsidiary, Trivento Bodegas y Viñedos, grew 26% in value and 38.7% in volume, based on positive results in export markets and domestic markets, the company said. Export performance was driven by the US, Brazil and Japan.
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