Tag Archives: Distell Group Ltd.

Distell records full year revenue and profit rise despite challenging market conditions

Distell Group, South Africa’s leading cider, spirits and wine producer reported revenue growth of 10.4% for the full-year ending in June 2018. Revenue grew to R24.2bn rand ($1.9bn) on a 4.6% volume lift.

The company reported a strong growth of 10.1% in South Africa, its home market on 4.4% higher volumes amid low GDP growth and higher cost of living putting increased pressure on consumer disposable income.

Distell derives 74% of its revenue in South Africa.

Amarula to launch limited Edition designs in celebration of Africa

Amarula cream liqueur from the stables of South Africa-based Distell Group will be unveiling limited-edition packaging of its flagship drink to showcase Africa’s cultural diversity.

The company said it has partnered with African artists to design four limited edition bottles which will be introduced at this year’s Tax Free World Association (TFWA) Asia Pacific Exhibition & Conference being held in Singapore from 6 -10 May.

Distell’s half-year sales rise 9.1%

South African wine, spirits and cider maker Distell Group, on Friday reported a 9.1% revenue growth for the first six months of its financial year ending on 31 December 2017. Sales rose to R13.4bn rand ($1.15bn) from R12.3bn in 2016, driven by a 3.6% volume increase (403 million litres).

Campari buys Distell’s Bisquit Cognac

Italy-based Gruppo Campari said it has signed an agreement to buy cognac brand Bisquit from South Africa’s Distell Group for €52.5m ($62m).

Commenting on the acquisition, Campari CEO Bob Kunze-Concewitz said, “We are very pleased to have acquired Bisquit Cognac, as it gives us the opportunity to expand our offering into the premium and growing cognac category.”

Distell’s full-year revenue grows 3.7% despite challenges

Distell Group, the South African wines, spirits and cider producer on Monday reported a 3.7% revenue growth for the full-year ended 30th June 2017. Revenue rose to R22.3bn ($1.72bn).

The company noted that its South African market which contributed 74% of group sales grew 7.8%, while volumes rose by 1.5%. The second-half of the year saw a marked improvement, with total volumes rising 5.4%.

South Africa’s Distell acquires 75% stake in Cruz vodka

South African wine and spirits producer Distell Group announced on Monday it had acquired a 75% stake in Cruz Vodka from Blue Sky Brand Company, a South African family owned firm with the global rights to distribute the brand.

Distell did not disclose how much it paid for the brand except to say that it is the “fastest growing luxury imported vodka in South Africa”. The firm added that premium-vodka category was one of the fastest growing spirits categories in South Africa and that it was expected to continue growing strongly.

Distell is known for its cider brands, Savanna and Hunter’s Dry as well as Amarula liqueur, among others.

AB InBev completes sale of Distell stake

Anheuser-Busch InBev said on Wednesday that it has completed the sale of its indirect shareholding in South Africa’s Distell Group, the continent’s largest wine and spirits producer to the country’s Public Investment Corporation (PIC), a state owned corporation that manages the government’s Employee Pension Fund.

The financial terms of the deal were not disclosed.

“The sale was required as a condition of the South African Competition Tribunal’s approval on 30 June 2016 of the business combination between AB InBev and SABMiller,” AB InBev said in a statement.

Distell raises stake in Kenyan Wine & Spirits firm

Distell Group, South Africa’s largest wine and Spirits Company on Tuesday announced it has acquired a 26.43% stake in KWA Holdings East Africa Limited (KWAL), Kenya’s largest wine and spirits manufacturer and distributor, from Centum Investment Company Limited, increasing its ownership in the firm to 52.43%.

Distell first acquired a stake in KWAL, when in 2014, it took a 26% shareholding in the Industrial and Commercial Development Corp (ICDC).

AB InBev to sell Distell stake

Anheuser-Busch InBev NV has agreed to sell SABMiller’s stake in South African spirits maker Distell Group Limited to the country’s largest Pension administrator – The Public Investment Corp (PIC) for an undisclosed amount.

According to Wednesday’s closing price on the Johannesburg Stock Exchange (JSE), the 26.4% stake is said to be worth about R8.92bn rand ($640m).

Distell takes direct control over its wines and spirits distribution in the UK

Distell Group, South African-based wine, spirits and Cider Company said it would take over the marketing and distribution of its brands in the UK, ending a contract relationship with three UK distributors.