News

UK: Q3 volumes set fair for Blavod Extreme Spirits

Most popular

Latest sexism row is a whisky watershed

How COVID has accelerated the sobriety trend

Heineken must cut costs to aid recovery - analysis

Interview - Treasury CEO Mike Clarke - Part II

Alcohol & hypertension - What does your diet do?

MORE

Blavod Extreme Spirits has seen sales volumes rise in the final quarter of last year.

The company said yesterday (8 January) that volumes in the three months to the end of December were up by 18% on the corresponding period a year earlier. For the first nine months of its current financial year, Blavod said volumes are up by 27% year-on-year.

While case sales of flagship brand Blavod Black Vodka were up 21% in the quarter, travel retail continued to provide "the strongest growth driver" for the brand.

Margins and overheads in the UK business are expected to remain at levels similar to last year, Blavod noted.

"The board expects the current trends to continue in the remaining three months of the fiscal year," the company concluded in the trading update.

In October last year, Blavod posted a lift in full-year losses for the 12 months to the end of March. Operational losses for the period grew to GBP6.1m (US$12.4m) from GBP2.5m in the corresponding period a year earlier, while sales were up by 29% to GBP6.9m. The company blamed "difficult" market trends in the US and limited finance for brand promotion for the disappointing showing.


Sectors: Spirits

Companies: Blavod Extreme Spirits

Related Content

Cuervo Q1 2020 - Sales up, volumes down, raises stake in Conor McGregor's Eire Born Spirits - results data

Cuervo Q1 2020 - Sales up, volumes down, raises stake in Conor McGregor's Eire Born Spirits - result...

How did Pernod Ricard perform in Q3 & YTD fiscal-2019? - results data

How did Pernod Ricard perform in Q3 & YTD fiscal-2019? - results data...

Beverages post

Beverages post "significant improvement" for PepsiCo in Q3...

Brown-Forman Q3 & Year-to-Date fiscal-2020 - preview

Brown-Forman Q3 & Year-to-Date fiscal-2020 - preview...

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?