Chivas Brothers, the Aberdeen-founded Scotch whisky business now owned by Pernod Ricard, has announced a 17% rise in net sales to a ten-year high.
The firm's full-year performance figures, released yesterday, show net sales up 17% across the company's portfolio of brands.
Alongside the growth, which it said reinforced strong global demand for whisky, Chivas Brothers announced more than £60million in planned investment over the next three years to accelerate its energy and carbon reduction journeys to achieve carbon neutral distillation by the end of 2026.
In terms of brands, there were historic highs for the strategic brands Chivas Regal (+25%), Ballantine’s (+13%) and Royal Salute (+32%), who all enjoyed double-digit growth.
Aberlour, part of the broader Chivas Brothers single malt brand portfolio, also grew +11% in the malts category.
Chivas Brothers chairman and CEO, Jean-Etienne Gourgues, said: “The historic highs we’re seeing across our strategic brands signal the success of our premiumisation strategy which has enabled Chivas Brothers to outperform the market.
“Our highest growth of the last decade reinforces our position to shape the future of sustainable Scotch while continuing to meet demand.
“We have fast-tracked a number of sustainability initiatives to meet our own ambitious targets and remain committed to supporting the industry in ushering in this new era —as we demonstrated earlier this year by making our heat recovery findings open source.”
You can read more in-depth analysis of the company's results in today's Daily Business.
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