This trend is changing might be after results release
The restricted export of Amarula from South Africa also contributed to overall revenues and volumes declining by 10.3% and 15.4% respectively. Distell’s International Spirits business proved buoyant, with positive volumes and revenues recorded in the fiscal period.
Overall, as a result of the above, Distell said that group revenues to date contracted by 15.4%, alongside reduced volumes of 23.3%.
“Whilst this period has been challenging, the pandemic has also presented a significant opportunity for the group to re-align its business model to shifts in consumer behaviour and economic impact,
The restricted export of Amarula from South Africa also contributed to overall revenues and volumes declining by 10.3% and 15.4% respectively. Distell’s International Spirits business proved buoyant, with positive volumes and revenues recorded in the fiscal period.
Overall, as a result of the above, Distell said that group revenues to date contracted by 15.4%, alongside reduced volumes of 23.3%.
“Whilst this period has been challenging, the pandemic has also presented a significant opportunity for the group to re-align its business model to shifts in consumer behaviour and economic impact,
Comment:
clearly this should be watched ,this might be stronger that what it appeared.