Ir al contenido principal

First Quarter 2013: Concha y Toro increases in 2.2% it's sales

Imagen
De
Viña Concha y Toro
Viña Concha y Toro S.A. informed today its preliminary sales for the first quarter 2013. Consolidated sales totaled CLP $ 88,416 million, showing a 2.2 percent increase as compared to the same quarter last year. Related to this, it is important to consider that export market volumes were affected by the port strike in Chile during March; where around 1,485 thousand liters couldn’t be shipped, acording to the same company. 

For this quarter, sales of export markets in Chilean Pesos, increased 3.8 percent; sales of wine in the domestic market dropped by 5.8 percent; Domestic market – New Business increased 2.1 percent. In the case of Argentina, Domestic Sales reached CLP$1.047, decreasing 30.9 percent from the CLP $1.516 registered in the same period of the last year. This result was affected by the fall of 37.6% in the sales volume, which represents only CLP $775 compared with the CLP $1.241 of the first quarter of 2012. 

Finally, USA (Fetzer) Domestic sales rose to CLP $10.489, with a positive change of 10.2 percent. 

Viña Concha y Toro is one of the most important wine companies, with a presence in over 135 countries. It has a broad portfolio of wines, including varietal, premium and ultra premium. The principal subsidiaries are Viña Cono Sur, Viña Maipo, Viña Palo Alto, Viña Maycas del Limarí, and Trivento Bodegas y Viñedos which operates in Argentina and has become the second largest exporter by volume in that country. Recently, the company acquired Fetzer Vineyards in the United States. Cocha y Toro’s distribution network comprises 332 independent distributions and 12 owned subsidiaries, which enables it to access markets in 135 countries.

Etiquetas:

Comentarios

Publicar un comentario

Entradas populares de este blog

Aguas Andinas' results were affected by water stoppages in January and February

De
Aguas Andinas ' earnings for the first quarter of 2013 reached Ch$38,205 million, 8.6% lower than the same period of the previous year, based on the information presented by the company to the Chilean Securities and Insurance Supervisor (Superintendencia de Valores y Seguros - SVS.   Acording to the analysis of the three months period ended on march, 31st, Aguas Andinas '  operating revenues amounted to CLP $108,284 million, CLP $426 million (0.4%) lower than in the previous period, due mainly to a lower sales volumes (2.9 million m3) of potable water as a result of the water stoppages in January and February 2013 caused by mudslides that fed into the Maipo river, forcing the company to stop water production. Additionally, average water consumption per customer during 1Q13 was lower compared 1Q12, as a result as a result of milder summer weather during the first months of 2013. Consolidated EBITDA for the period amounted to CLP $70,354 million, CLP $3,186 million (4.3...
Publicar un comentario
Leer más

Chilean Central Bank maintains the interest rate

De
In it's monthly monetary policy meeting, the Board of the Central Bank of Chile decided to maintain the monetary policy interest rate at 5% (annual). Acording the press release released by the organism, international financial conditions are stable. Incoming economic indicators for the United States are mixed, while the Eurozone remains in recession and in a fragile fiscal and financial situation. The Bank of Japan recently announced a substantial quantitative easing program, which has translated into a depreciation of the yen. The prices of commodities receded in recent weeks, especially for copper. About the chilean economy, the Central Bank explains that february’s activity indicator was below market expectations. The labor market is still tight and domestic demand remains dynamic. Credit conditions are somewhat more restrictive. Headline and core inflation measures are around 1% and 2% y-o-y, while inflationary expectations in the policy horizon remain around the target....
Publicar un comentario
Leer más