Increased turnover and profit for distiller William Grant & Sons in 2021
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DISTILLER William Grant & Sons reported increased turnover and profit for the year ending December 31, 2021.
The distiller, which runs Glenfiddich and Balvenie distilleries in Moray, recorded turnover of £1415m and a post-tax profit of £248m – an increase of 12 per cent and 3 per cent respectively from 2020.
The results were achieved despite significantly increased distribution costs to deliver products to markets during a time of supply disruption, William Grant & Sons said.
They highlight the company's continued recovery from the impact of the coronavirus pandemic.
A spokesperson for William Grant & Sons said: “Real progress has been demonstrated in 2021, and the continued resilience of team members in the face of adversity has created a powerful legacy for the future.
"The key to our long-term success lies in working together as one team, particularly with the supply chain challenges and unrest in the world that are again evident in 2022.”
In 2021, William Grant & Sons launched a new tequila distillery in Mexico and was named Distiller of the Year for the sixth consecutive year at the International Spirits Challenge (ISC).
William Grant & Sons brands won more than 150 awards including eight Gold Outstanding and Double Gold Trophies at the ISC and International Wine and Spirits Competition (IWSC).
A further 10 Gold and Double Gold medals were won at the San Francisco World Spirits Competition.
