FDBusiness.com

Record Sales For Beam

 Breaking News
  • Administrators Appointed to Russell Hume KPMG Restructuring has been appointed as administrators to Russell Hume, the UK specialist meat supplier. Headquartered in Derby and operating from six production sites in Liverpool, Birmingham, London, Boroughbridge, Exeter and Fife, the company supplied meat to a number of hotels, restaurants and pubs across the UK. It employed a total of 302 people. Last month, [...]...
  • Heineken Delivers a Solid 2017 Performance Heineken has posted a 5% increase in organic revenue (beia) to €21.91 billion for 2017 with revenue (beia) per hectolitre up by2.1% as consolidated beer volume rose by 3.0% with growth in all regions. Operating profit (beia) grew 9.3% organically during the year, primarily reflecting higher revenue and cost efficiencies. The group’s operating margin improved [...]...
  • Coca-Cola European Partners Reports First Full Year Coca-Cola European Partners has reported a 21% increase in revenue to €11.1 billion – up 3.0% on a comparable and foreign exchange neutral basis – for the full-year ended 31 December 2017. Volume was up 0.5% on a comparable basis. Full-year reported operating profit at €1.3 billion was up 9.0% and by 10.5% on a comparable [...]...
  • New Micronutrient Premix For Target-group-specific Drinks Health is one of the twelve central megatrends identified by the Frankfurt Future Institute’s Food Report 2018. A healthy lifestyle is important to all age groups, and nutrition plays a major role alongside various other components. Using its new premix for healthy bones and heart as an example, SternVitamin shows how beverage manufacturers can address [...]...
  • Lete SpA – A Compact Line of 44,000 bph For Square Bottles Lete is an internationally recognised trademark, thanks to the peculiarity of the naturally sparkling water and also because it is the main sponsor of Napoli Calcio. The collaboration with ACMI dates back more than twenty years and the famous Italian supplier of end-of-lines has always considered Lete SpA to be one of its most prestigious [...]...

Record Sales For Beam

Record Sales For Beam
February 07
10:40 2014

Beam, the US-based global spirits group, which is being acquired by Suntory of Japan for $16 billion, has reported a 4% rise in net sales to a record $2.55 billion for 2013 and an 8% increase in operating income to $617.1m. However, net income fell 5.9% to $362.5 million

Net sales for the year were up 2% on a comparable basis, when adjusted for foreign exchange and acquisitions/divestitures. Beam’s full-year sales benefited from market outperformance in North America and Europe/Middle East/Africa, partly offset by lower sales in Asia Pacific/South America. New products and positive price/mix enhanced the company’s top-line growth.

Matt Shattock, president and chief executive of Beam.

“Beam closed a strong year with a better-than-expected quarter that benefited from accelerated growth for premium brands and cost containment,” says Matt Shattock, president and chief executive of Beam. “For the full year, we delivered excellent performance in premium whiskey – led by Bourbon, Canadian, single-malt Scotch and Irish – as well as in Tequila. We’re pleased we exceeded the high-single-digit earnings target range we established at the start of 2013 and delivered another year of double-digit growth in diluted earnings per share before charges/gains.”

He continues: “We look forward to completion of the proposed acquisition of Beam Inc. by Suntory Holdings. The proposed transaction remains on track to close in the second quarter of 2014.” The transaction remains subject to regulatory clearance in the United States and the European Union.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • February 18, 2018Vinisud
  • February 25, 2018fish international
  • February 27, 2018Int'l Food Fair
  • February 27, 2018Warsaw Gastro Show
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements