Global demand for Scotch whisky lifted overall volume sales by 28%
Inver House Distillers has reported a 61 per cent rise in pre-tax profits for the 2011 year on double-digit sales growth across its range of single malt whiskies.
Inver House, the Scottish-based production arm of global drinks business International Beverage Holdings Ltd, said overall sales rose to £80.6 million in the 2011 year to December 31 – up 28 per cent on the £62.9 million reported the previous year.
Volume sales also rose by 28 per cent across key brands, which include the single malts Old Pulteney and Speyburn; Hankey Bannister blended whisky and Caorunn Gin.
Pre-tax profits rose to £15.4 million, a 61 per cent increase on the £9.6 million reported a year earlier.
Sales of Hankey Bannister rose by 53 per cent last year, largely from growth in the emerging markets of Eastern Europe, South Africa and South America.
And sales of Caorunn Gin, launched in 2009, rose by 312 per cent last year, with plans now in place to launch the brand in the US market.
Single malt brands Balblair, Old Pulteney, Speyburn and anCnoc brought in double digit sales growth of between 10 and 13 per cent.
Managing director of Inver House, Graham Stevenson, said: “Despite the difficult economic conditions, the Scotch Whisky industry continues to go from strength to strength, driven largely by emerging markets and also by the commitment to maintaining the high quality image of the category.
“We are no exception and the 2011 financial performance of Inver House Distillers represents our continued investment in an award-winning product portfolio, with brands that are highly competitive across the spirit category and sold in over 85 markets around the world.
“Our commitment to our brands continues into 2012 and to date we have delivered a full refresh of Speyburn, the release of several new Balblair vintages, a striking anCnoc release designed by the illustrator Peter Arkle and a brand building programme for Caorunn in London with partners such as the V&A Museum and Liberty, to name but a few.
“We’re also celebrating Old Pulteney’s 21 year old being named as the ‘world’s best whisky’, and we are confident that we have another vibrant and exciting programme in place to continue to drive momentum for our business and our brands.’
Inver House Distillers operates five distilleries - Pulteney, Balblair, Knockdhu, Speyburn and Balmenach – from its base in Airdrie where it also operates a bottling and warehousing facility.
The company employs 181 people and operates as the production and global marketing division of the International Beverage Scottish spirits portfolio.