Irish Distillers today announced the results for the first half of its 2024 financial year.
The producer of Irish whiskeys reported -1% net sales across its portfolio of whiskeys in the six months to the end of December 2023.
Its results reflect a resilient performance in the wake of economic challenges on a high comparison basis from the same period in the previous year.
Jameson whiskey reported steady net sales in the recorded period, delivering market share gains in North America and continued acceleration in Asian markets.
The top three best-selling whiskey brands also achieved overall growth in Europe, with dynamic growth in Ireland, the UK, France, Germany, Greece, Poland and Spain.
Growth
Commenting on the results, the chairperson and chief executive at Irish Distillers, Nodjame Fouad, said, “Our half-year financial results reflect a resilient performance overall, when compared to the high comparison basis from H1 2023.
“Global net sales of Jameson were steady in the first six months of the financial year, and we saw continued acceleration in Asian markets and growth in Europe.
“We remain confident in our growth strategy of diversifying our portfolio of Irish whiskeys and further developing brand affinity for Jameson in mature markets, while growing our geographic footprint across emerging and new markets.”
The distillery is part of Pernod Ricard.
The results comes after Pernod Ricard reported a rise in shares, despite a flatline in sales.
The spirits company cited the lack of expected improvement in US and Chinese markets in causing sales to flatline.
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