Revenue up to £668m at Macallan owner Edrington

Edrington chief executive Ian Curle

Glasgow-based drinks company Edrington — owner of Scotch whisky brands The Macallan, Highland Park, Famous Grouse and Cutty Sark — said on Thursday that its core revenues rose 6% to £668.1 million and profit jumped 32% to £91 million in the year ended 31 March 2017.

Edrington CEO Ian Curle said: “2016-17 was a significant year of growth for Edrington despite a difficult backdrop of economic and political volatility, and a fiercely competitive marketplace.

“Since its introduction in 2015 our strategy – Perfect The Macallan, Accelerate Highland Park, develop Super-Premium, Optimise Regional Power Brands – has gained momentum and positively impacted results.

“Higher levels of investment in brand marketing, increased innovation, and greater focus on consumers have led to an encouraging performance.

“Despite short term uncertainty we are confident about the medium and long term prospects for the business.

“With its premium brand portfolio, proven strategy, and management capability, Edrington has established the necessary momentum to deliver further growth.”