This annual report details a highly successful year for Edrington, in which our brands and key markets bounced back from the challenges of last year to deliver excellent results.
The results this year show a material decline in revenue and profit, but these reflect a better-than-expected performance in an operating environment that included Brexit, US tariffs and the effects of the global pandemic.
The year ending March 2020 was a highly successful one for Edrington and its brands. While this is welcome in its own right, it has also helped ensure that our business is on a sound financial footing as it deals with the impact of the Covid 19 crisis.
We started the year with the launch of The Macallan's new distillery and visitor experience and carried on that momentum by focusing on our use of exceptional oak casks and building the capabilities of the great people that make up Edrington.
In 2018 the group successfully completed the third year of Edrington 2020, a five-year strategy to increase consumer focus and sharpen decision-making.
