Halewood Wines and Spirits PLC, parent company of drinks manufacturer and distributor Halewood International, has announced its annual results for the year ended 1 July 2017.
The company, which is behind brands such as Whitley Neill Gin, Pogues Irish Whiskey, Hawkshead Brewery and Crabbie’s Alcoholic Ginger Beer, has delivered a year of strong profitable growth of £3.9m in 2017. The results reflect a positive turnaround year with revenue growth being driven by the new management team and key supermarket listings.
Exports also increased, with an enlarged emphasis on Asia, particularly China and Thailand.
The Group strategy of developing a premium range of artisanal craft spirits and beers alongside continued investment in brand marketing has delivered revenue and profit growth.
Investment in production capability and acquisitions, especially distilling, brewing and sourcing has stimulated development of higher quality, which has led to strong brand provenance and a point of difference.
Key acquisitions like Hawkshead Brewery, City of London Distillery and Sadler’s Ales have added strength to the brand portfolio, while the Group has continued to delist low margin and non-profitable lines.
H&A Prestige has performed well as the demand for specialised packaging and new artisanal spirits has increased. Willow Water continued to struggle in the period against strong competition and the plant was closed in November 2017 to allow expansion of newly acquired Hawkshead Brewery.
Commenting on the results Stewart Hainsworth, group chief executive, said: “Halewood has delivered a second year of profit as the impact of the successful restructuring and change in corporate strategy delivers sustainable margin growth. We have seen particular success with our range of premium Gins and Whitley Neill Gin is now the third largest premium gin by value in the grocers.”
The Group plans further brand acquisitions and internal investment in its distilling and brewing capability to enhance the premium craft spirits portfolio.
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