Tuesday, 26 June 2018
26.6.18 González Byass Release Healthy Figures
The firm has released excellent results for the tax year September 2016 to August 2017 which show that their strategic plan is working with net income at 260.5 million euros, a sales growth of 25%. The previous two tax years saw drops in turnover of 15.4% and 1.3% respectively because of the purchase in 2016 of the bodega Veramonte in Chile and that of the Pedro Domecq brand in 2017 in partnership with Fundador. Export sales have increased, generating 65% of turnover, while the domestic market has been consolidated. Even after considerable debt repayment, pre-tax profit was 12.6%, 9% up on the previous year.
The best performing brands have been Tio Pepe, Beronia Rioja and the London No.1 Gin, and the firm now makes wine in eleven regions of Spain, Chile and Mexico, while it has three distilleries, two in Spain and one in Mexico. It owns subsidiaries in Spain, Chile, the USA, Mexico and the UK and has offices in various other countries. In fact 40% of the company staff lives outside Spain. Current projects include the new bodega in Rueda, the Sherry Hotel in Jerez and a new bodega in Rioja for Beronia, sales of which have grown by 10% over the last year. There is also Viñedos del Rio Tajo, a joint venture with Fundador near Toledo with 440 hectares of vineyard for the production of grapes for distilling.