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27 September 2024: Today, William Grant & Sons reported a turnover of £1,962m, with a profit of £444m after tax for the year ending 31 December 2023. The figures signify that despite the volatile macro-environment, William Grant & Sons continues to perform strongly.
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.
Key highlights for 2023 included the following:
• Glenfiddich unveiled the Archive Collection of rare family casks laid down over the last half century, and released Grand Yozakura, the first Single Malt Scotch Whisky to be finished in rare ex-Awamori casks. This highlights how the Company is continuing to expand and evolve its ultra-premium, luxury credentials.
• A complementary brand was added to William Grant & Sons’ award-winning portfolio with the acquisition of Silent Pool Distillers, a leading ultra-premium gin producer based in the Surrey Hills in the UK.
• Hendrick’s Gin revealed a new addition to its Cabinet of Curiosities with Flora Adora, a limited-release gin infused with a fresh floral bouquet.
• The family-led William Grant Foundation awarded a record total of over £4.7 million in new grants to 114 charitable organisations.
In 2023, William Grants & Sons was named Distiller of the Year at the 2023 International Spirits Challenge (ISC) for the eighth consecutive year. The Company also received four ISC ‘Double Gold’ awards for Glenfiddich Gran Cortes XXII, The Balvenie French Oak 16 YO, The Balvenie Aged 25 YO and Batch & Bottle Monkey Shoulder Lazy Old Fashioned. This ongoing industry recognition is a testament to the craft and exceptional quality of liquid which sets the Company apart.
Søren Hagh, CEO commented: “Despite 2023 being a year faced with supply chain challenges and macro-economic shifts, we are proud of the growth delivered across our portfolio of leading brands and look forward to continuing to build an ever-stronger Company that delivers for our customers and consumers”.