Tag Archives: Distell Group Ltd.

Currency devaluations and liquidity restrictions hit Distell Group’s full-year earnings

September 05, 2019   Editor   No comments

Distell Group, South Africa’s largest spirits, cider and wine producer with operations in several African countries including Nigeria reported a 45.5% drop in earnings for the full year ending on 30th June 2019. Net profit fell to R909.8m rand, from R1.7bn in the previous year.

Despite an 8% revenue growth in the full-year to R26.2bn (US$1.7bn), from R24.2bn in the previous year, sales volume in its home market declined by 0.9%. The drop was blamed on low consumer confidence as disposable income remained subdued and with increased value offerings by competitors, particularly in beer.

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Best Global Brands launches new cream liqueur

June 19, 2019   Editor   No comments

Nigerbev Limited, makers of Best spirits brands in Nigeria have introduced a new premium cream liqueur in the market – Best Honey Cream Liqueur.

According to the company, “Best alcohol premium beverage aims to satisfy the taste buds of our esteemed customers and consistent with our pledge to provide Best products and exciting choices at all times, we have recently introduced a new variant called Best Honey Cream Liqueur made from soothing and comforting honey flavor which can be served chilled or with ice,” a statement from the company read.

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Distell sustains half-year revenue growth with 9% lift

March 06, 2019   Editor   No comments

Distell Group, a leading South African-based cider, spirits and wine producer with foot prints in several African countries including Nigeria and across the globe reported half-year revenue growth of 9.1% through the end of December. Revenue rose to R14.4bn rand (US$1bn) on -0.5% volumes.

In South Africa, revenue was up 7.4% on a negative 2.2% volume. The growth was led by a 10.6% sales boost in the spirit segment, particularly Gin and Vodka, with whisky recovering. Cider and RTD (ready-to-drink) performed strongly with revenue growing 7.6%, led by Savanna, Extreme and Bernini.

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

September 16, 2018   Editor   No comments

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.

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Amarula to launch limited Edition designs in celebration of Africa

April 14, 2018   Editor   No comments

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.

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Distell’s half-year sales rise 9.1%

February 26, 2018   Editor   No comments

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).

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Campari buys Distell’s Bisquit Cognac

December 21, 2017   Editor   No comments

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.”

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

September 05, 2017   Editor   No comments

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%.

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

April 27, 2017   Editor   No comments

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.

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AB InBev completes sale of Distell stake

April 13, 2017   Editor   No comments

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.

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