Emperador Inc., the largest global brandy company, rerpoted a 43 percent spike in attributable net income to P2.1 billion in the first quarter of 2021 as revenues rose 13 percent to P12.1 billion.
In a disclosure to the Philippine Stock Exchange, the firm said it has been able to navigate through the ongoing challenges brought about by the pandemic because of its “global footprint across over 100 countries in six continents, iconic and well-diversified brandy and whisky portfolio, and strong managements all over the world.”
The first quarter of 2021 saw a continued robust performance of Emperador’s global business as sales in most markets are returning. Leading the growth are the Americas, UK and the rest of Europe, and Asia, particularly China.
“Our business is growing on multiple levels. We are happy to report a record first-quarter income of P2.1 billion, coming from a record year in 2020,” Emperador President Winston Co said.
He added that, “Both brandy and whisky segments have seen continuous robust growth. The current environment has shifted consumer behavior differently in various markets. The company has managed to adapt and grow with consumer and economic movements.”
“We are optimistic that the gains we have achieved will lead the company to a new phase of growth. We expect the situation to improve and return to some level of normalcy towards the end of the year,” said Co.
Emperador Inc., which owns the multi-awarded Fundador Spanish Brandy de Jerez and is the world’s fifth largest Scotch whisky producer, has been touted as Distiller of the Year at the Icons of Whisky Scotland 2021.