Inver House Distillers, the Scotch Whisky subsidiary of global drinks business International Beverage Holdings Ltd, has reported a sales increase of 7.4%, up £4.6m to £67.3m for the year to September 2018.
This reflects a period of significant growth for its core brands, with sales of Inver House Single Malts growing by over 12% in the year.
Gross profit margins were up on the prior year at 39% compared to 36.6% in the prior year, with core brands making up a larger percentage of sales.
This success was led by the company’s flagship single malt Old Pulteney, produced at Pulteney Distillery in Wick, which grew sales by 20%. The company’s super premium Scottish gin Caorunn also reported double digit growth.
The business remains focused on the long term global success of its brands, especially its single malts, with sustained investment in stocks for future sales, marketing and promotion.
Martin Leonard, Inver House Distillers Managing Director commented: ‘With trading conditions challenging in many emerging markets, it was encouraging to see sales of our single malts grow significantly in the period. This is the result of having consistently invested in our people, in production at our distilleries, in the quality of our spirits and in their sales and promotion. We also now have the channels in place to grow our brands in markets around the world, so our focus is very much on rolling out some exciting plans and building further success in 2019 and beyond.’