UK: Whyte & Mackay's FY profits up 24%
- FY pre-tax profits up by 24% to GBP15.4m (US$25.1m)
- Net sales increase by 33.5% to GBP229.8m
- EBITDA margin down from 26% to 22%
Whyte & Mackay found growth in the year to the end of March
Whyte & Mackay has seen big jumps in full-year pre-tax profits and sales.
Pre-tax profits for the year to the end of March rose by 24% to GBP15.4m (US$25.1m), according to Companies House accounts, obtained by The Herald newspaper and confirmed to just-drinks by Whyte & Mackay today (19 December). Sales leapt by 33.5% year-on-year to GBP229.8m in the same period.
The United Spirits-owned company saw EBITDA margin fall from 26% last year to 22%, while costs increased by GBP2m because of property leasing expenses.
The performance is a marked impreovement on last year, when Whyte & Mackay reported a 51% drop in operating profits to GBP21.7m.
Speculation over Whyte & Mackay's future has mounted lately following Diageo's agreement last month to take a 53.4% stake in United Spirits. Analysts Nomura said a sell-off was likely with Gruppo Campari a possible buyer.
When contacted by just-drinks, Whyte & Mackay declined to comment on the results.
- Mahou San Miguel - just the Facts
- How to turn a domestic spirit into a global brand
- A game of two halves for Remy Cointreau - Analysis
- Whatever happened to binge Britain? - comment
- Britvic hits make-or-break time for US Fruit Shoot
- Beam Suntory to sell brandy & sherry to Emperador
- Former Diageo exec joins William Grant in LatAm
- Carlsberg "most likely" to buy Grolsch, Peroni
- A-B InBev mulls sale of Peroni, Grolsch - report
- A-B InBev embroiled in Caribbean "poison-pill" row
- Global Beer Trends 2015 : Global Beer Trends and Long-term Forecasts
- Future growth opportunities for global spirits
- Global sparkling wine insights - market forecasts, product innovation and consumer trends research
- Global Beer Market 2015-2019
- Global Wine Market to 2019 - Market Size, Development, and Forecasts