MANILA – Emperador Inc., the world’s largest brandy company, saw earnings grow by 18 percent to a record PHP8 billion last year on the back of sustained growth in revenues amounting to PHP52.6 billion.
“The resilience of the company shows the strength of our business coupled with the strength of our whisky and brandy portfolio across the globe, resulting in stability and growth amid the challenges. The company also took the opportunity to streamline efficiencies to enable the company to be nimble and effective in the markets. 2020 has set a new path and platform for our future growth,” Emperador Inc. president Winston Co said in a statement Thursday.
Emperador's global footprint and iconic brand portfolio enabled the company to navigate through the challenges of 2020. While certain aspects of the business have been affected by the impact of coronavirus disease 2019 (Covid-19), particularly on-trade and global travel retail resulting from lockdowns and dry law implementation, these have been offset by increased sales in off-trade and e-commerce.
While not totally impervious to the adverse effects of the conditions, Emperador’s global business adapted well to new consumption trends.
Emperador’s international business in 2020 remains strong across all geographies. Its whisky and brandy businesses continued their growth trajectory in the United Kingdom, Asia, Europe, United States, Netherlands, Sweden, and Russia amidst the challenges.
Emperador Inc., a publicly listed company at the Philippine Stock Exchange, owns the multi-awarded Fundador Spanish Brandy de Jerez and the Whyte and Mackay Group, the world’s fifth-largest Scotch whisky producer which was recently touted as the Distiller of the Year at the Icons of Whisky Scotland 2021.
Emperador brandy and whisky brands are available in more than 100 countries. (PR)
