Burn Stewart Distillers posts profits

20 September, 2011

Burn Stewart Distillers, producer of brands Bunnahabhain and Scottish Leader, has announced net profits of £3.7 for the financial year ending December 31 2010.

Net profit increased more than 300% on the £1.2m achieved in 2009, while gross profit of the company rose from £17.2m to £18.3m over the period.

Burn Stewart Distillers - which also owns Black Bottle, Tobermory, Deanston and Ledaig whiskies - saw growth across its core brands with "particularly strong performances in Taiwan, South Africa and the UK".

According to the company, one of the key drivers of its success was the 13% growth of flagship blend brand Scottish Leader, which grew its share across all of its key markets.  

Cased export revenue was also up 11% on 2009, particularly in Taiwan, US, and Baltics.

The company - which employs 250 people across its distilling, blending, bottling, commercial and administration activities in the UK and in its international sales administration - invested £400,000 in 2010, taking the spend for the last 3 years to £2.4m.

Future plans for the company’s single malt portfolio include “tapping into growing markets in Taiwan, USA and Europe, coupled with a strong investment focus on Russia”.

The market focuses for Scottish Leader will be Taiwan, South Africa and The Baltics, while the strengthening of distribution partnerships is a strategy in Ukraine, Poland and Russia.

Fraser Thornton, managing director of Burn Stewart Distillers, said: “We have enjoyed another year of growth and have opened up new markets as well as continuing to build our brands in existing markets.

“Our bold move to un-chill filtered malts has excited our consumers and the trade and has allowed us to provide a niche offering to those consumers who want to explore. “

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