Dram fine: But malt sales hit by late Easter

Published: 13/05/2011


Glen Grant logo

Glen Grant logo

A LATE Easter dented sales of Glen Grant whisky in its key Italian and Brazilian markets but the fall didn't stop parent group Campari from posting a rise in first-quarter sales and profits yesterday.

Revenues rose by nearly 15 per cent in the three months to 31 March to €268.4 million (£233m), boosted by strong sales of the Italian group's eponymous aperitif and its range of wines, which include Cinzano and Liebfraumilch.
Pre-tax profits were up 16.6 per cent to €50.5m, narrowly beating analysts' predictions.
But Glen Grant sales in Brazil fell by 6.8 per cent and the firm also reported declining sales in Italy, although it did not put a figure on the drop.
Campari bought the Glen Grant distillery in Rothes from French drinks giant Pernod Ricard in 2006.
The firm's blended Scotch brands include Old Smuggler, which is popular in Argentina and Belgium. It also makes local whiskies in Brazil and Uruguay.

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