“Alcohol group “Crystal” reported an increase in revenue in January-February by 39%

The revenue of the Crystal Alcohol Group (AGK) in January-February 2024 amounted to 496 million rubles, which is 39% more than in the same period last year, reports Interfax with reference to the company’s press release.

It is noted that revenue from the sale of alcoholic beverages during the reporting period amounted to 106 million rubles, which is 1.7 times more than last year. The company’s total sales for two months increased in annual terms by 45%, to 1.533 billion rubles. Sales of alcoholic beverages in January-February reached 194 million rubles. (+62% year on year).

AGK reported that in the first two months of this year it shipped 326 thousand dal of products, which is 46% more than in the same period in 2023. The largest share in this volume was vodka – 284 thousand decaliters (+42%).

Founder and co-owner of AGK Pavel Pobedkin said that the growth in production and financial indicators is associated with the low base effect, the agency reports. He said that the company plans to complete the construction of the blending shop in July. In addition, within four to five months, AGK intends to install lines for a new type of product, which the company will talk about later. This will help to significantly increase production capacity, Mr. Pobedkin noted.

In February 2024, AGK held an IPO on the Moscow Exchange, placing 13.1% of the capital, which made it possible to raise RUB 1.15 billion. At the beginning of March, the Russian whiskey brand William Scott was acquired by the company’s Kaluga distillery (KLVZ) Kristall. KLVZ plans to relaunch the brand in 2024, using distillates from Scotland.

Read more in the Kommersant article. “Russian factories tinder whiskey”.

Erdni Kagaltynov