Fundador owner Emperador nets P5.3B in first nine months of 2019

Emperador Inc. booked P5.3 billion in net income during the first nine months of 2019 on the back of an 11% revenue increase, the world’s largest brandy company said.

The company, which owns the brands Emperador Brandy, Fundador Spanish Brandy de Jerez, and luxury single malt Scotch whisky The Dalmore, posted P33.8 billion in revenue, up 11%.

Net income stood at P5.3 billion, up from P5.2 billion a year earlier.

“Long-term growth in international operations should help maintain and diversify profitability. Our luxury single malt whisky The Dalmore is leading our premium Scotch whisky business followed by Fettercairn, Tamnavulin, Jura, and Shackleton,” Emperador president Winston Co said.

“And we have a compelling brandy portfolio comprised of the world’s leading brandy by volume, Emperador, Spanish brandies Fundador and Tres Cepas, and Mexican brandy Presidente,” he added.

Its liquor products are sold in more than 100 countries.

The company owns premium, super premium, and luxury liquor brands making it a pioneering and steadfast force in liquor premiumization, especially in the Philippines, it said.

In August 2018, Fundador Supremo 18, the Brandy Prestige of the Ultra-Premium “Sherry Cask Collection” by Bodegas Fundador, was proclaimed as the world’s best brandy by a panel of 400 experts at the International Wine & Spirit Competition (IWSC) that conducted a seven-month evaluation process.

Emperador extended in May its two-year share buyback of up to P5 billion that ended that same month.

The company may repurchase up to P3 billion for another 12 months ending on May 16, 2020.

Since the buyback started two years ago, the company has bought around 392.65 million shares, valued at approximately P2.83 billion, Emperador noted.

Emperador Inc. is listed on the Philippine Stock Exchange. It owns Emperador Distillers Inc., Scotch whisky maker Whyte and Mackay Group, and Bodegas Fundador in Spain. —Ted Cordero/VDS, GMA News