Scotch whisky distiller William Grant & Sons has unveiled sharp rises in revenues and profits. The family-owned group, which employs around 3,000 people and last week announced it was acquiring The Famous Grouse and Naked Malt blended Scotch whisky brands from Glasgow-based Edrington, revealed yesterday it had raised after-tax profits to £444 million in the year to December 31, 2023, from £331.3m in the prior 12 months.
And it announced it had increased its turnover to £1.962 billion last year, from £1.721bn in 2022.
The sharp rises in after-tax profits and turnover in 2023 come on the back of respective increases of 33.8% and 21.7% in 2022.
William Grant & Sons said: “The figures signify that, despite the volatile macro environment , William Grant & Sons continues to perform strongly.” It added: “During 2023, progress was made in building an increasingly effective and efficient organisation with the capabilities needed to perform well into the future. With long-term thinking a core value of the business , the company continues to invest strongly in capital expenditure projects, building world-class brands through new products and partnerships, and its people.
” Read more Famous 'much-loved' Scotch whisky brand being sold in blockbuster deal Ian McConnell: What really drove sale of famous Scotch whisky brand? Søren Hagh, chief executive of William Grant & Sons, said: “Despite 2023 being a year faced with supply-chain challenges and macroeconomic shifts, we are p.
