Zamora sales grow 20% in 2022

Spanish producer Zamora Company saw revenue rise by a fifth last year, driven by its flagship liqueur, Licor 43.

The Cartagena-based company confirmed its consolidated annual results for 2022, with revenue reaching €265 million (US$294.8m).

Full-year net profit rose by more than a quarter (26%) to €20.8m (US$23.1m), up from €16.5m (US$18.3m) in 2021.

Earnings before interest, tax, depreciation, and amortisation (EBITA) increased by 8% to €46.2m (US$51.4m) in 2022.

In December 2022, Zamora Company predicted its full-year turnover would increase by 21%.

The company said 2022 marked another year of record sales, following a 28% increase in 2021.

“Despite the uncertain environment we continued to experience last year, our balance sheet is very positive for several reasons,” explained Javier Pijoan, Zamora Company CEO.

“Firstly, 75% of our turnover comes from the on-trade business and the end of the Covid restrictions benefitted us. The good results can also be explained by the fact that we are a company with a very clear and aligned agenda.”

Licor 43 saw sales climb by 33% last year, while Martin Miller’s Gin rose by 17% and Villa Massa limoncello grew by 16%.

Spirits sales accounted for 64% of the company’s revenue, and wine represented 36%.

The main global markets for the firm’s spirits arm were the US, Germany, the Netherlands, Mexico, and Brazil.

The Iberia region (Spain, Portugal and Andorra) accounted for 48% of Zamora’s total sales in 2022, while European and emerging markets made up 26%, the Americas represented 15%, and the US accounted for 11%.

Zamora Company recently promoted Matt Appleby to the role of CEO for its US business after the retirement of Bill Corbett.