Emperador posts earnings of P8B on strong international growth

President for Treasury and Corporate Finance Roda T. Celis said proceeds of the bonds would be used to refinance the Bank’s existing US$300-million bond maturing this year and for general corporate activities.

She said it would also be utilized to bolster the Bank’s resources for lending activities to critical sectors and industries that were severely affected by the economic downturn spawned by the current national public health emergency.

“DBP remains committed to broadening and enhancing its credit programs to further ease access to funds and promote an environment ripe for development interventions in hard-toreach segments and areas of the country,” Celis sai d .

( PR)

MANILA – Emperador Inc. – the world’s largest brandy company owning the iconic and world’s bestselling brandy Emperador Brandy – saw earnings to owners grow 18 percent to a record P8 billion last year on the back of sustained growth in revenues amounting to P52.6 billion.

Emperador's global footprint and iconic brand portfolio enabled the company to navigate through the challenges of 2020. While certain aspects of the business have been affected by the impact of COVID-19, particularly on-trade and global travel retail resulting from lockdowns and dry law implementation, these have been offset by increased sales in off-trade and e-commerce. While not totally impervious to the adverse effects of the conditions, Emperador’s global business adapted well to new consumption trends.

Emperador’s international business in 2020 remains strong across all geographies. Our whisky and brandy businesses continued its growth trajectory in UK, Asia, Europe, USA, Netherlands, Sweden and Russia amidst the challenges.

Emperador Inc. president Winston Co said, “The resilience of the company shows the strength of our business coupled with the strength of our whisky and brandy portfolio across the globe resulting in stability and growth amid the challenges. The company also took the opportunity to streamline efficiencies to enable the company to be nimble and effective in the markets. 2020 has set a new path and platform for our future growth."

Emperador Inc., a publicly listed company at the Philippine Stock Exchange, owns the multiawarded Fundador Spanish Brandy de Jerez and the Whyte and Mackay Group, the world’s fifth largest Scotch whisky producer which was recently touted as the Distiller of the Year at the Icons of Whisky Scotland 2021. Emperador brandy and whisky brands are available in more than 100 countries.

(PR)