The Jerez “Family of Wine” grows its overall business to 66% in markets outside Spain in 2014, reaching a total income of €250 million.
Jerez de la Frontera, February 2015.- To the end of the financial year (August 31, 2014) González Byass has grown the volume of sales by 5% and taken its annual net income to €249.6 million ($327.7 million at 8/31/14). Net sales in the period were €207.7 million ($272.7 million at 8/31/14), a figure which consolidates the company’s growth trend in recent years.
The success of the company’s wines and spirits in export markets, the consolidation of business on the domestic market, added to the contributions from other financial investments, means that the net benefit to the business has increased by €15.8 million ($20.7 million), which represents a 63% increase in growth compared with the previous financial year. Sales in export represent 66% of the total business in comparison to 53% two years ago.
With respect to the EBITDA, the company has repeated its record results as in the previous financial year, reaching €23.4 million ($30.7 million). This highlights the substantial improvement of the company’s debt-EBITDA ratio in recent years, moving from 6.2 in at the end of the financial year in 2010 to 0.9 currently.
One of the main achievements for González Byass recently has been the consolidation of its distribution network globally; the company’s products are now present in 105 markets. The company now has its own distribution in Spain, the UK, Mexico and the USA. In addition, the key commercial objective of working closer with distributors in export markets has led to the development of commercial teams working to support local distributors in China, Germany, Brazil and Canada.
During this financial year the company has also consolidated its strategic alliance with the group Emperador Distillers, for the production of brandy. Finca Daramezas, in Toledo, is the result of the joint venture which has brought about the establishment of a vineyard exclusively designed to produce grapes for distillation. Covering 250 hectares, the vineyard could be considered as one of the most technologically advanced of its kind in the world.
Other important investments by González Byass have been in the development of premium and super-premium spirits, such as The London Nº1 gin, Druide vodka and the Solera Gran Reserva brandy, Lepanto. In 2014 the company has added to its portfolio a break-through, blended Whisky, Nomad Outland Whisky, aged in both Scotland and Jerez, and a smooth, cutting edge, English gin, Mom.
Recently the company has launched a new wine: the 100% Verdejo: Beronia Rueda. The investment, by the company, in Castilla y León includes the acquisition of vineyards and the building of a new winery. This means that González Byass is now present in eight of Spain’s most representative wine producing areas; Jerez, Rioja, Somontano, Penedés, Cava, Rueda, Tierra de Castilla y Tierra de Cádiz.
Sustainability continues to have special relevance for González Byass and is a priority within the company’s overall strategy. The project “5+5: Caring for the Planet” will oversee the investment of €2.5 million in diverse areas of the business in order to protect the environment and reduce contamination.
González Byass is currently the number one Spanish winery and sixth winery in the world out of the “100 Best Wineries” as nominated by the WAWWJ (The World Association of Wine Writers and Journalists).