Another Strong Performance From Stock Spirits Group

 Breaking News
  • European Commission Clears Bayer’s Acquisition of Monsanto The European Commission has approved under the EU Merger Regulation the $62.5 billion acquisition of Monsanto by Bayer. The merger is conditional on the divestiture of an extensive remedy package, which addresses the parties’ overlaps in seeds, pesticides and digital agriculture. Commissioner Margrethe Vestager, in charge of competition policy, says: “We have approved Bayer’s plans to [...]...
  • Management Plan to Fortify Fishing Sector in Western Mediterranean Sea The European Commission has proposed a multi-annual plan for fish stocks in the western Mediterranean Sea. The proposal covers demersal fish stocks, ie fish that live and feed at the bottom of the seabed, and bring a significant income to the fisheries sector in the region. According to the latest data, it is estimated that in 2015, [...]...
  • Major International Summit in Belfast to Tackle Escalating Problem of Food Integrity Food-security experts from all over the world will converge on Belfast from 28-31 May 2018 for a major Summit on how to feed a growing global population – amid massive challenges such as climate change, Brexit, labyrinthine food-supply chains and food fraud on a global scale. The Belfast Summit on Global Food Integrity will be chaired by Professor Chris Elliott [...]...
  • Cargill’s Launches De-oiled Rapeseed Lecithin Products In response to growing consumer demand for label-friendly ingredients, Cargill is introducing a new range of de-oiled lecithin products to complete its portfolio of GMO and non-GMO lecithin products.  A first to market in Europe, Cargill’s de-oiled rapeseed lecithin products help bakery and snacks manufacturers deliver the recognizable ingredient label that consumers want, at an [...]...
  • Tetra Pak Scoops Top Award For Manufacturing Excellence Tetra Pak’s packaging material factory in Izmir, Turkey, has received the world’s top award for manufacturing excellence. In doing so, it becomes only the 22nd factory worldwide to win the prestigious award in more than 40 years. Appraised by the Japan Institute of Plant Maintenance​, the World Class Total Production Maintenance (TPM) Award is presented to facilities that [...]...

Another Strong Performance From Stock Spirits Group

Another Strong Performance From Stock Spirits Group
March 23
15:06 2012

Stock Spirits Group, Central Europe’s leading branded spirits and liqueurs business, has reported a 4.1% increase in EBITDA to a record Eur63.9 million on a like-for-like basis for 2011. On a constant currency basis, EBITDA rose by 6% but revenue at Eur295.1 million was slightly down on a like-for-like basis compared to the Eur301.9 million generated in 2010.

Stock Spirits Group retained spirits market leadership in Poland with a 34% market share during the year and also managed to improve margin to offset market volume decline and cost increases, through focus on profitable products, selective price increases and a better marketing mix. The group also strengthened its market leadership position in Czech Republic, with overall share growth to 40%, and grew market share in Italy within a very challenging market.

Significant brand and NPD investment was made during the year to continue the expansion of the portfolio. This entailed meeting consumer demand for new flavoured vodkas through strong growth in Lubelska, including the successful launch of the blackcurrant variant and recently launched grapefruit flavour and Lubelska Three Grain clear.

Stock Spirits Group also successfully secured new banking facilities during the year to strengthen its financial position. The refinancing consists of a Eur220 million facility, including funding for acquisitions.

Chris Heath, chief executive of Stock Spirits Group, comments: “Against a very challenging market backdrop, I am delighted that we have been able to deliver another very strong set of results in 2011, continuing our unbroken record of profit growth each year. Faced with falling market volumes and significant input cost increases, it is important that we were well positioned to capitalise on the strength of our brands, taking the lead on market pricing and managing our product and marketing mix to deliver margin growth. We are particularly pleased to have maintained, and in some cases extended, the leading positions of most of our core brands in our key markets and have continued with our successful track record of launching new products.”

He adds: “Despite the continued challenging market conditions, we remain confident that the group is well placed to take advantage of opportunities to grow the business further in 2012.”

About Author



Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • March 28, 2018FOOD INDUSTRY
  • April 4, 2018The leading event for the snack and food-on-the-go market
  • April 5, 2018Slow food The forum for good taste
  • April 10, 2018EXPO XXI Warsaw International Expocentre
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here