Emperador’s 1H2019 net income at P3.25B

Posted by watchmen
August 9, 2019

Company bags accolades including ‘Best Brandy in the World’ for Fundador

Emperador Inc., the world’s largest brandy company that owns Spanish brandy and sherry brands led by the iconic Fundador as well as Scotch whisky brands led by the Dalmore and Jura, realized P21.4-billion in revenues in the first six months of 2019, up 10% versus the same period last year. Net profit attributable to equity holders of parent company went up by about 2% to P3.25-billion.
The first six months of 2019 continued to be robust for the international operations as Emperador Inc. continues to benefit from premiumization and globalization of its whisky and brandy product portfolio. Whyte and Mackay continued to grow in every region of the world with flagship single malt whisky product, Dalmore, enjoying strong sales in Africa, Canada, France, Germany, Greater Europe, Asia, and USA. Overall, Whyte and Mackay’s malt whisky portfolio is doing well including Jura, Fettercairn, Tamnavulin, and Shackleton.
For brandy, Emperador Inc. President Winston Co said, “Fundador continues to impress the world of liquor while premiumizing the brandy category. Fundador’s latest accolade is testament to Fundador’s growing global premium image with FundadorSupremo 18 Oloroso Sherry Cask being named Best Brandy in the World in the 2019 International Wine and Spirit Competition (IWSC). FundadorSupremo 18 competed against 100 top-tier brandies from all over the world to win the IWSC Worldwide Brandy Trophy Award for 2019.”
Angel Piña, Chief Commercial and Marketing Officer at GrupoEmperador Spain, also said: “This is the icing on the cake after so many years of hard work, dedication and professionalism focused on achieving the highest quality for our Brandies. This award acknowledges our company’s commitment to quality and innovation as part of our brands’ premiumization process, which has brought Fundador to become one of the greatest in the world for sheer quality and excellence.”
Fundador, Spain’s largest and oldest brandy – founded in 1730 in Jerez de la Frontera – and the Philippines’ number one selling premium imported brandy, continues to grow and premiumize the Philippine liquor industry. Fundador is one of the fastest growing imported spirits in the Philippines today.
Meanwhile, the company extended last May its two-year share buyback of up to P5-billion that ended in May. Emperador Inc. can repurchase up to P3-billion for another 12 months ending on May 16, 2020. Since the start of the buyback two years ago, about 310 million shares have been bought back, amounting to approximately P2.2 billion.
Emperador Inc., a publicly listed company at the Philippine Stock Exchange, owns Emperador Distillers, Inc., Scotch whisky maker Whyte and Mackay Group, and Bodegas Fundador in Spain. (PR)

The expansive vineyard of Fundador in Jerez de la Frontera, Spain.
Inside Bodegas Fundador in Jerez de la Frontera, Spain.

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