Lucas Bols expects revenue and profit decline

24 March, 2016

Lucas Bols’ revenue for 2015/16 is expected to be 4-6% down and operating profit 8-9% down for the year ending 31 March 2016, said the liqueurs company.

The Dutch group said it “experienced one-off stock reductions in Australia and South East Asia” in November and the same trend in the second half-year in the US as well, due to the merger between its two main distributors.

A statement read: “Although these developments impact the company’s results on the short term, the underlying in-market performance in these markets remains healthy and in-line with expectations.

“The significant steps Lucas Bols is taking to optimise its route to market and to improve the longer term performance of the brands have a short term pressuring effect on top line revenue.”

Keywords: lucas bolls




Digital Edition

Drinks International digital edition is available ahead of the printed magazine. Don’t miss out, make sure you subscribe today to access the digital edition and all archived editions of Drinks International as part of your subscription.

Comment

La'Mel Clarke

Service isn’t servitude: the skill of hosting

La’Mel Clarke, front of house at London’s Seed Library, looks at the forgotten art of hosting and why it deserves the same respect as bartending.

Instagram

Facebook