News

UK: Blavod reports encouraging results despite tough start

Most popular

What's coming up in dark spirits in 2020?

What's coming up in soft drinks in 2020?

What will shape consumer trends in 2020?

Will 2020 see Campari Group back on the M&A hunt?

just-drinks speaks to DISCUS CEO Chris Swonger

MORE

Blavod Black Vodka plc, the owner of the eponymous black vodka Blavod, has announced year end sales up 37% on the back of an increase in marketing. The company recorded a loss of £1.15m for the year compared to a loss of £1.32m last year.

In a statement the company said higher volumes were now leading to production efficiencies and cost reductions. It also said that the current year had got off to an encouraging start with April and May sales significantly higher than first quarter of last year.

Richard Ambler, chief executive, commented: "We are pleased that the growth in sales since last Autumn has continued into the current financial year."

Blavod chairman Allan Shiach said: "I am pleased to report a further increase in group turnover from the previous year and also that volume sales of Blavod rose by a third. This is a most satisfying outcome after the disappointing start to the year reported in our interim results."

Duty Free sales increased steadily, the company said, and new markets around the world, notably amongst former Soviet Union countries, were showing encouraging signs.

However, the action taken by the company in the important US market was not yet reflected in sales for the year under review, "but we hope to see improvements here following the appointment of Branca Products Incorporated who became our importer from 1 January 2002," Shiach said.


Related Content

How did Brown-Forman perform in its fiscal-2019 Q1? - results data

How did Brown-Forman perform in its fiscal-2019 Q1? - results data...

How did Keurig Dr Pepper perform in H1 2019? - results data

How did Keurig Dr Pepper perform in H1 2019? - results data...

Constellation Brands Performance Trends 2015-2019 - results data

Constellation Brands Performance Trends 2015-2019 - results data...

Carlsberg Performance Trends 2014-2018 - results data

Carlsberg Performance Trends 2014-2018 - results data...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?