Zamora Company turnover hits €200m in 2019

Spanish drinks producer Zamora Company saw its turnover grow by 6% to more than €200 million (US$222m) in 2019, boosted by the US market.

Licor 43 liqueur and Martin Miller’s Gin helped to boost Zamora Company’s turnover in 2019

Licor 43 owner Zamora Group said both its wine and spirits ranges were responsible for the growth, as well as its presence in Spain and global markets.

The Spanish group said its performance was “particularly impressive in the context of a slowdown that the Spanish wine and spirits market is suffering and increasing complexity in some international markets where the company is present”.

The brands that contributed the most to Zamora Company’s sales were Licor 43 liqueur, Martin Miller’s Gin, Ramón Bilbao wine and Lolea sangria. Together these brands grew sales by 5%, compared to 2018.

Global markets contributed 45% of Zamora’s sales, with the company’s main markets – Germany, the US, the Netherlands and Mexico – accounting for more than 60% of international sales.

In the US, sales grew by more than 20%, which was attributed to the company’s decision to set up its own route to market last year. Zamora Company USA was formed in 2018 as part of a joint venture between the Spanish firm and US distributor Old Nassau Imports.

Emilio Restoy, CEO of Zamora Company, said: “2019 has been a year of transition and growth, the first full year of our own structure in the United States, our official start in France and Mexico, the beginning of distribution operations for our brands in China and the organic growth of all of the brands in our portfolio, including Spain, which continues to be our main market.

“The situation of uncertainty in the Spanish economy and in some international markets, the strength and presence of our brands in all markets allow us to bank on a growth forecast similar to this year’s.”

The group now employs up to 450 workers, compared to more than 200 in 2015.