Andrés Wines said yesterday (3 November) that acquisitions had helped deliver a rise in second quarter and first half sales of 33.4% and 25.1% respectively. The sales rise led to a healthy increase in EBITDA.

Sales for the second quarter of fiscal 2006 rose 33.4% to C$57.1m from C$42.8m in the same period last year, the Canadian winemaker said. For the six months to 30 September, sales increased 25.1% to C$103.9m.

A statement said that the increase is due primarily to the contributions made by Cascadia Brands Inc and Thirty Bench Winery, both acquired in May, and to the company's successful initiatives to grow sales of its premium and ultra-premium wines.

The sales increase resulted in a 42.2% rise in EBITA (defined as earnings before interest, taxes, amortisation and unusual items) to C$6.6m for the three months to 30 September. For the first six months of fiscal 2006 EBITA increased 30.8% to C$12.2m.

"Our recent acquisitions have made a strong contribution to our second quarter performance. Combined with our highly successful sales and marketing initiatives, we expect growth will continue going forward," said John Peller, president and chief executive officer.