Conviviality posts strong Christmas results

Claire Dodd

Claire Dodd

01 February 2016

UK alcohol wholesaler Conviviality reported strong Christmas trading, with group sales up 13% in the two weeks to 3 January 2016. The company also grew revenues by 38% to £252m during the first half of its financial year, to 1 November 2015.

Conviviality's results were bolstered by its acquisition of Matthew Clark in October, which increased its sales in those two Christmas weeks by 20%. Revenues for Matthew Clark – the UK’s largest alcohol wholesaler and distributor to the on-trade drinks sector – climbed by 2.7% from 7 October to 1 November.

Diana Hunter, Conviviality CEO, said: 'I am pleased with the progress we have made to bring our two businesses together. I would like to thank all of our people, our franchisees, our on-trade customers and our suppliers who have contributed to our success.

'This is a strong set of results during a period of significant transformational change. With Matthew Clark we now have a firm foundation in the expansive on-trade market from which to build on, and our success over the important Christmas period gives us confidence that the second half will deliver further growth.'

 

 

Related articles

Wine

Conviviality posts strong results, with sales up 137%

In the wake of its recent acquisition of Bibendum PLB Group, Conviviality has announced strong results for the 53 weeks to 1 May 2016, including an in

News

Greene King predicts strong Christmas

Pub operator Greene King has reported that the leisure industry is set for strong Christmas trading as it announced the results of its latest Leisure

News

Conviviality posts 147% profits boost

UK alcohol wholesaler and Bargain Booze-owner Conviviality Plc has reported a pre-tax profits surge of 147% as it announced its final results for the

News

D&D London announces strong December results

Restaurant group D&D London has announced a 4.2% increase in UK like-for-like sales for December 2015.Following the group’s successful 2014-15 financi