Constellation, ’s werelds grootste drankenconcern met wijnmerken als Hardys, Banrock Station, Robert Mondavi en Ravenswood meldde in januari nog zwaar weer.
Maar nu gaat alles ineens weer goed en melden ze 13% omzetgroei en 6% winstgroei en voor de core wine brands zelfs 22% omzetgroei!!!
Constellation Brands, Inc., the global wine leader by volume and a rising force in the U.S. spirits and beer industries, has released a solid set of financial numbers for its 2007 fiscal year, ended February 28. The Fairport, New York-based company posted a 13% rise in net sales to $5.2 billion over the period, with organic net sales up 8%. Net income grew 6% to $403 million on a comparable basis to fiscal 2006, as Constellation’s core branded wine business enjoyed a sales increase of 22%. The spirits portion of the business had net sales of $329 million, a gain of 1%.
“While we had a solid year of organic net sales growth, our earnings performance was somewhat challenged by competitive conditions in the U.K. market,” said Richard Sands, Constellation Brands’ chairman and chief executive officer. “However, the Constellation Brands business remains fundamentally sound and we were able to achieve several long-term strategic goals throughout the year, including the acquisition and integration of Vincor, the formation of the Crown Imports beer joint venture, initiation of the Svedka vodka acquisition and refining the organizational and operational structure of our wine business.”
While Constellation has over the past decade fashioned itself into a truly global power, the U.S.—where it still sells roughly half its 100-million-case-plus wine volume—remains its most important market. The company’s base branded wine business in the U.S. grew by 8% last year, but that figure jumps to 27% if the aforementioned acquisition of Canada’s Vincor—including brands such as Kumala, Kim Crawford and RH Phillips—is added to the tally. That purchase also buoyed Constellation in Australia and New Zealand, where net sales increased 8% despite a flat base business.
On the spirits side, Constellation’s investments in premium brands reflected its confidence in that portion of the market and drove a 4% increase in net sales of its branded spirits business. “Like wine, spirits trends continue to show consumers trading up to premium brands,” said Sands. “We’ve been moving in that direction with the addition of Effen Vodka, Meukow Cognac, Cocktails by Jenn, Ridgmont Reserve 1792 Bourbon and Svedka vodka (the last of which grew by 60% to more than 1 million cases last year).” Constellation recently paid $384 million to acquire Svedka, a Swedish brand with sales firmly centered in the U.S. market.
Bron: Wine Spectator
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