William Grant & Sons has delivered a record turnover, topping £1BN for the second year in a row (£1.06BN). This is up 1.4% on the previous year in total. Turnover on the Company's core brands increased by 7% year on year. The company delivered a group operating profit of £24.8M for 2012, down from £126.3M in 2011. Capital spend also increased in 2012 with additional investment in production capacity, the replacement of the Group's Enterprise Resource Planning System and upgrades to both Glenfiddich and Tullamore DEW visitor centres. In 2012, the company was awarded International Spirit Producer of the Year at the International Wine & Spirits Competition. Glenfiddich, celebrated the125-year anniversary of the opening of its distillery in Dufftown. Tullamore DEW Irish Whiskey upgraded the brand's packaging in 2012 to deliver more premium and contemporary values. Stella David, CE said: "Whilst 2012 saw some difficult global economic conditions, the company continued to perform well, thanks to the continued success of our premium spirits brands and our consistent focus on building brand equity and investing for the long-term."
