First Ireland Spirits Manufacturing saw its revenues jump 45% last year to almost €33 million after a sharp dip in 2021 due to the pandemic, according to recently filed accounts.
The Laois-based company behind liqueurs like Feeney’s Irish Cream reported a more than eight-fold jump in profits in the year to end of March 2022 as the global market for the protected Irish spirit expanded again.
Under the ownership of European drinks conglomerate Quintessential Brands since 2014, the maker of McCormick’s Irish Country Cream also demonstrated exceptional progress in post-tax profits, with figures surging from just €20,810 to €1.8 million.
The manufacturing facility located in Abbeyleix experienced an increase in staff numbers from 72 to 81 over the course of the year. The company’s commitment to expanding the plant persisted, with investments directed towards enhancing its infrastructure, as reported by the directors in a statement accompanying the financial accounts.
The global surge in popularity of Irish cream liqueur, alongside the protected status it holds under the EU’s Geographical Indications regime, has positioned it for significant growth. This product category has notably gained traction in the US and other international markets.
Founded by former Campari chief executive Enzo Visone, the Quintessential brand portfolio includes London Dry Gin, Bloom Dry Gin, and Dead Rabbit Irish whiskey.