Emperador Inc. reports their first-quarter net income was up at 43%. This was pegged at P2.1 Billion and was largely due to strong international performance. Read more.
The Strong Performance of Emperador Inc.
Emperador Inc. is the largest global brandy company, owning the world’s iconic and best-selling Emperador Brandy. The company saw its net income grow by 43% year-on-year to P2.1 billion in the first quarter of 2021. Their revenues also rose by 13% to P12.1 billion.
With Emperador’s global footprint across over 100 countries in six continents, the company has been able to navigate through the ongoing challenges brought about by the pandemic. Their iconic and well-diversified brandy and whisky portfolio, plus strong management teams all over the world, all helped to bring an impressive performance.
The first quarter of 2021 saw a continued robust performance of Emperador’s global business. Sales in most markets are returning. Leading the growth are the Americas, the UK, and the rest of Europe, and Asia. Sales are particularly good in China.
Emperador Inc. president Winston Co said, “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. 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.”
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.
Emperador brandy and whisky products are available in more than 100 countries and the company is a publicly listed company at the Philippine Stock Exchange.