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Home Retail Inver House profits helped by US and Russia sales

Airdrie-based Inver House Distillers has see its turnover increase to £62.9million, a hike of 19%.

However, pre-tax profits rose by only £9.57m to £9.61m as it invested in international marketing and distribution.

The Thai-owned company highlighted strong growth in global sales of its Old Pulteney single malt Scotch whisky, which is distilled at Wick in Caithness.

Inver House said Old Pulteney had enjoyed “significant increases” in sales in 2010 in many target growth markets, including Russia and the US, as well as in more established channels such as duty free.

The success of Old Pulteney, together with growth of Inver House’s new batch-distilled, “super-premium” Caorunn gin, played a meaningful part in the hike in turnover to £62.9m in 2010, from £53m in 2009.

Graham Stevenson, managing director of Inver House, told The Herald: “Our turnover has shown healthy growth of 19% to £63m with the growth of our single malt brands and new Caorunn gin contributing to this.

“Both have performed ahead of expectations, showing excellent prospects for the future. In addition, we have enjoyed additional business in supplying products to our parent company, ThaiBev.

“At the pre-tax level our result is flat, reflecting our increased investment in the marketing and distribution of our brands in key international markets.

“We remain confident that this will prove highly beneficial in the long term.

Inver House employs 174 people, with 167 of these staff in Scotland. Of the staff in Scotland, 119 are at Airdrie and the other employees work at the various distilleries.

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