Press & MediaComunication
ZAMORA COMPANY WILL END 2019 WITH A TURNOVER ABOVE 200 MILLION EUROS
Madrid, Dec 18th 2019. Zamora Company is expecting to close 2019 with a turnover of over 200 million euros. This represents an organic growth of more than 6% compared to the previous year.
Both its wine and spirits ranges are responsible for this growth as well as both its presence in the Spanish and international markets. Performance is particularly impressive in the context of a slowdown that the Spanish wine and spirits market is suffering and increasing complexity in some international markets where the company is present.
“2019 has been a year of transition and growth, the first full year of our own structure in the United States, our official start in France and Mexico, the beginning of distribution operations for our brands in China and the organic growth of all of the brands in our portfolio, including Spain, which continues to be our main market” says Emilio Restoy, Zamora Company CEO.
The international markets contribute 45% of the company's sales. Germany, the United States, the Netherlands and Mexico are Zamora Company’s main markets accounting for more than 60% of international sales. Among them, the growth experienced in the United States stands out. A more than 20% rise was achieved by Zamora Company USA rising to the challenge which the group took up in 2018 when taking the decision to set up its own route to market.
Licor 43, Ramón Bilbao, Martin Miller´s Gin and Lolea are the brands that contribute the most to Zamora Company’s income (together they represent more than 75% of the group’s turnover). The four brands have increased by 5% compared to 2018, while the other brands of the portfolio (Mar de Frades, Yellow Rose, Villa Massa, Thunder Bitch, Cruz de Alba or Zoco among others) have jumped globally by 10%.
2019 was a year in which the company has also diversified its activities and created new lines of business, like the Casa Lolea restaurant in Madrid (soon to be followed by new openings in 2020), and the exciting project of the Mercado del Puerto in Cartagena, which will be launched in the first half of 2020.
The group’s employee base has also expanded and the family company now employees up to 450 workers, compared to just over 200 in 2015.
The Cartagena based family company bids farewell to a very positive 2019. In 2020, and despite the doubts about “the situation of uncertainty in the Spanish economy and in some international markets, the strength and presence of our brands in all markets allow us to bank on a growth forecast similar to this year's” concludes Emilio Restoy.