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Irish Distillers toast full year net sales growth of 11%

Nodjame Fouad, Chairman and CEO at Irish Distillers
Nodjame Fouad, Chairman and CEO at Irish Distillers

Jameson owner Irish Distillers said its full year net sales rose by 11% with growth seen across its portfolio of Irish whiskeys.

Global sales of Jameson rose by 10% supported by continued "dynamic" growth in key markets including Ireland, South Africa, UK, Global Travel Retail and Poland.

Irish Distillers said sales of Jameson in Asian markets, including India, China, South Korea, and Japan, jumped by 56%.

This growth shows the continued globalisation of the Jameson brand as a result of focused brand building and investments in key markets over the past number of years, the company added.

In the US, Jameson saw mid-single digit depletions value growth, in a post-Covid normalising market context, it added.

Meanwhile its Powers whiskey brand continued to recruit new consumers with net sales growth of 18% in the year, mainly driven by the US market.

Irish Distillers' prestige portfolio, which includes Redbreast, Midleton Very Rare, Spot Whiskeys, Method and Madness and Knappogue Castle, achieved net sales growth of 22% in the financial year to the end of June.

Irish Distillers said the spirits market in Ireland generated sales of 6% in the year.

It said its portfolio of spirits brands recorded notable growth during 2022/2023 with Jameson rising by 14% and prestige Irish whiskeys up 19% in the domestic market.

Nodjame Fouad, Chairman and CEO at Irish Distillers, said that traditionally strong markets for Irish whiskey continued to deliver growth in the year.

"The strength of sales in Asia shows that our strategy of diversifying Jameson and our prestige portfolio is working, with more consumers getting to know and love our portfolio of Irish whiskey," she said.

"At Irish Distillers we are incredibly proud to lead the global growth of an iconic Irish product. We continue to invest in our operations in Ireland and in the year, we announced plans for the construction of a new state-of-the-art distillery to ensure that we have the capacity to meet the demand for our portfolio of Irish whiskeys," she said.

"We are also committed to moving away from fossil fuels to power the existing distillery which is why we are reducing our scope 1 and 2 emissions at our operations in Midleton, Co Cork," she added.