Zamora expects 21% sales rise in 2022
Martin Miller’s Gin owner Zamora Company is expecting turnover to increase by 21% to €266 million (US$282.5m) in 2022.
The increase follows another year of record sales for Spain’s Zamora Group, which saw revenue rise by 28% to €220m (US$223m) in 2021.
The group expects €40.1m (US$42.6m) in earnings before interest, taxes, depreciation, and amortisation (EBITDA) for 2022.
In the last four years, the company has seen a net profit increase of 142%, increasing from €6.8m (US$7.2m) to €16.4m (US$17.4m) expected this year.
Spanish liqueur Licor 43 saw the most activity this year, increasing its net sales by 33%, while Martin Miller’s Gin also ‘showed positive evolution’.
The company expects its spirits portfolio to take up 59% of its sales versus its wine portfolio (41%).
“In an environment of uncertainty like the one we are living in, these figures confirm that one of our greatest strengths is the quality of our premium spirits and wine brands, and their acceptance by consumers,” said Javier Pijoan, CEO of Zamora Company.
Zamora has also reported that its consolidated sales have seen a compounded increase of 28% in two years, from €208m (US$220m) in 2019 to €266m (US$282m) in 2022.
International business sales in Zamora’s current financial year show an increase of 25.6%, accounting for 51% of turnover, while revenues from its home country of Spain account for 49% of turnover.
“The focus on the development of international markets and the brands’ building is offering very significant results,” added Pijoan.
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