Emperador Inc. – the world’s largest brandy company – reported an 18 percent jump in attributable net income to a record P8 billion last year as revenues improved 4.5 percent to P52.6 billion.
In a disclosure to the Philippine Stock Exchange, Emperador said its global footprint and iconic brand portfolio enabled the company to navigate through the challenges of 2020.
It noted that, “While certain aspects of the business have been affected by the impact of 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.”
Emperador added that, while it was not totally impervious to the adverse effects of the conditions, the firm’s global business adapted well to new consumption trends.
“Emperador’s international business in 2020 remains strong across all geographies. Our whisky and brandy businesses continued its growth trajectory in UK, Asia, Europe, USA, Netherlands, Sweden and Russia amidst the challenges,” the firm said.
“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,” said Emperador President Winston Co.
He added that, “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.”
A member of the Andrew Tan group of companies, Emperador owns the multi-awarded Fundador Spanish Brandy de Jerez and the Whyte and Mackay Group, the world’s fifth largest Scotch whisky producer. Emperador brandy and whisky brands are available in more than 100 countries.