Conviviality hails strong start to the year

17th July, 2017 by Annie Hayes

Leading UK alcohol wholesaler and distributor Conviviality has enjoyed a strong start to 2017/18, with its wholesale business posting 9% growth year-on-year.

Conviviality’s business units have enjoyed a strong performance in the 9 weeks ending 2 July

In the 9 weeks ending 2 July, the group’s wholesale unit Conviviality Direct “continued to trade strongly” with sales up by 9%, while full service brand and wine agency Conviviality Trading reported 7.6% growth – the result of customers “recognising the expertise and support of the agency business”.

The results for its off-licence chain Conviviality Retail were “particularly pleasing”, and demonstrated “continued improvement”, with like-for-like sales up by 0.5%.

Overall, the company and its businesses are trading “in line with board expectations”.

The acquisitions of Matthew Clark in October 2015, Peppermint in December 2015 and Bibendum PLB Group in May 2016 enabled Conviviality to restructure its business model into these three key units.

“The balance we have created across the enlarged group, and resilience this creates, gives us confidence in the future success of the business,” said Diana Hunter, chief executive officer of Conviviality.

“Importantly the culture that we have created at Conviviality, with its entrepreneurial and innovative focus, remains true across the group and we firmly believe there is exciting potential for significant organic growth for our businesses, with further potential opportunities to build on the current platform.”

Last year Conviviality nearly doubled its sales to reach £1.56 billion (US$2.02bn).

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