UK: Inver House Distillers hails strong 2011

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  • Net profits in 2011 leap by 70.3% to GBP11.6m (US$18m)
  • Net sales follow suit, rising by 28.2% to GBP80.6m
  • Operating profits increase by 42.5% to GBP14.1m

Inver House Distillers has posted a healthy set of full-year numbers for 2011, with volume growth across its spirits portfolio.

The company, which is owned by Thailand-based International Beverage Holdings, said yesterday (9 July) that net profits for the 12 months of 2011 soared by 70.3% to GBP11.6m (US$18m), as sales rose by 28.2% to GBP80.6m. Operating profits for the year were up by 42.5% to GBP14.1m.

Inver House hailed a "strong performance across the brand portfolio, with growth that is ahead of the category".

The Balblair single malt brand delivered a 13% lift in sales, as blended whisky Hankey Banister saw sales jump by 53% thanks to markets in Eastern Europe, southern Africa and South America.

"The 2011 financial performance of Inver House Distillers represents our continued investment in an award-winning product portfolio, with brands that are highly competitive across the spirit category and sold in over 85 markets," said company MD Graham Stevenson.

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