Small decline in Irish whiskey sales for Irish Distillers
Nodjame Fouad, chairman and CEO at Irish Distillers
Irish Distillers has experienced a -1% drop in sales across its portfolio of Irish whiskeys in the six months to the end of December 2023. The company announced results for the first half of the 2024 financial year but says the results show a resilient performance overall, compared with H1 FY23.
The group said that Jameson whiskey net sales remained steady globally in the first half of the financial year. Jameson delivered market share gains in North America and Asian markets including India, Korea, Japan and China and achieved overall growth in Europe with strong growth in Ireland, UK, France, Germany, Greece, Poland and Spain.
Commenting on the results, Nodjame Fouad, chairman and CEO at Irish Distillers 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.”
Irish Distillers is Ireland’s leading supplier of spirits and wines and producer of Jameson, the world’s fastest-growing Irish whiskey, achieving +10% net sales growth globally in FY23. The company’s brands are exported to 130+ markets around the world.
The company says the results show a resilient performance overall as they announced results for the first half of the 2024 financial year
