Douglas Laing announces double-digit growth

27 October, 2011

Glasgow-based bottler and blender Douglas Laing & Co has attributed its 11% growth to the strong performance of Asian markets.

Turnover for the year ending March 31 reached £5m, gross profit rose by over £0.25m, while gross margin remained at 50% - reflecting “continued strong growth in the company’s high value malts”.  

The company said flagship brands, Old Malt Cask, Old & Rare (up 166%) and the Islay blend Big Peat (up over 90%) showed significant growth.

Fred Laing, director of Douglas Laing said: “We saw France and Switzerland both progressing well last year (up 100% and more than 300% respectively) but can already see a downturn in them and in Germany this year as the Euro crisis bites.  

“Enhancing all this, large sales are taking place in new markets such as Vietnam, Indonesia and Singapore with stalwart markets such as the Japanese, American, Australian and Taiwanese (up 85%) markets remaining strong for us, but with no positive impact yet from BRIC countries.”

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