The company attributed the rise in turnover to a 14.8% year-on-year increase in export volumes. Stock Austria is aiming to increase exports further during 2002 and is looking to strengthen its position in Germany, the Netherlands and Scandinavia. During 2001, Stock Austria, which has around 21% of the Austrian spirits market, took over the distribution of Absolut vodka and of the Campari brands Cynar and Crodino in Austria.
AUSTRIA: Turnover up at Stock Austria
Austrian drinks company, Stock Austria, a fully owned subsidiary of the German drinks group, Eckes AG, posted turnover of €40.7m ($38.2m) for 2001, up 8% from €37.8m ($35.4m) in 2000.