By James A. Loyola
Emperador, Inc., the world’s largest brandy company, reported that its nine-month net income surpassed the P5-billion mark for the first time, growing 18% year-on-year to P5.2 billion.
In a disclosure to the the Philippine Stock Exchange, the firm said it registered an 11 percent increase in revenues in the first nine months of this year to P30.5 billion.
“Margins were higher, partly contributing to faster earnings growth than revenue growth,” Emperador said adding that, “noteworthy is the expanding international presence of the brand portfolio in Asia, Europe, North America and Latin America.”
Emperador President Winston Co said “our performance is brought about by the sustained growth in international expansion. The premium Scotch whisky business continues to show robust growth led by The Dalmore single malt whisky and innovations.”
Meanwhile, Co said “the brandy business continues to perform well as well with greater penetration into North and Latin America.”
“We are organically global. Our products are available in more than 100 countries and more than 350 cities in the world. Emperador brandy is now sold in the USA like New York, Chicago, LA, San Francisco, Hawaii, and Las Vegas,” he noted.
Early next year, Co said “we are to start the export of Emperador Hotshot, a cinnamon brandy, to the US market to capitalize on the growing popularity of cinnamon whiskey.”
Emperador Spain Managing Director Jorge Domecq said “we have fortified our brandy portfolio to sustain our No.1 position in Spain, Mexico, Colombia, and the Philippines.”
“We have introduced a super-premium Brandy de Jerez in Fundador Supremo through travel retail channel in Europe and Asia like Hong Kong, Beijing, Shanghai, Korea, etc. The Fundador Supremo is now available in the Philippines with the 18-year-old Oloroso Sherry Cask retailing at P12,800 a bottle,” added that Domecq.
In the domestic front, Co said, “we are focused on reinventing the local liquor space with initiatives geared towards increasing profitability.”