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Synergy announces operational results for the 2Q and 1H 2016

11.07.2016PJSC “Synergy” (MOEX: SYNG), the leading distilled spirits producer in Russia, today announces operational results for the second quarter and first half of the Y2016.

PJSC “Synergy” (MOEX: SYNG), the leading distilled spirits producer in Russia, today announces operational results for the second quarter and first half of the Y2016. The Company’s sales for the 2Q 2016 increased by 14% and amounted to 2,771 thousand deciliters comparing to 2,426 thousand deciliters reported in the 2Q 2015. Sales for the 1H 2016 increased by 16% and amounted to 4,772 thousand deciliters comparing to 4,102 thousand deciliters reported in the 1H 2015.

Following the results of the 1H 2016 the Company significantly increased the volume of its import operations. The distribution of import premium brands boosted by 50% from 173 thousand deciliters to 260 thousand deciliters.

Commenting on the operational results, Chief Executive Officer of Synergy, Alexander Mechetin said: “In the 2Q of this year the Company has continued to show considerable positive dynamic of sales. Following the results of the 1H2016 we completely compensated decline of our sales for the last 3 years and exceeded the level of sales for the 1H 2013. Growth of the Company’s sales was certainly promoted by the efforts of the Government authorities aimed on suppression of activities of illegal spirits producers -  licenses revocation, withdrawal and destruction of the equipment, implementing of the Unified State Automated Information System into wholesale and retail.

It should be noted that operational results of Synergy outpace the Russian spirits market indicators, which also show positive dynamics against the outlined legalization of the market.

Continuing to follow its business diversification strategy Synergy for the last half-year progressively increased sales not only of  its own trademarks, but also of brands of our key partners. Growth of import indicators has showed 50% and portfolio of premium brands was replenished with the new categories possessing high potential".

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About Synergy, Co

OJSC “Synergy” is the leading diversified spirits group in Russia with a 15% share of the legal vodka market in Russia. The Company`s strategic focus lays on production and distribution of alcoholic beverages. Synergy is #1 Russian independent importer of spirits. Synergy possesses its own distributional platform, ensuring the largest possible market coverage, and diversified portfolio of federal brands, addressing market demands across the full spectrum of price points, from the low-middle to the super-premium price segments.  


The Company`s federal brand portfolio includes super-premium vodka Beluga, premium vodka Veda, sub-premuim vodkas Myagkov and Russky Lyod, middle vodka Belenkaya, low-middle vodka Gosudarev Zakaz and brandy Zolotoy Reserv. The Company operates seven spirits production plants and one of the largest distributional platform in Russia. Synergy is the exclusive distributor of one of the global premium spirits producer William Grant & Sons, representing in Russia such brands as Scottish whisky Glenfiddich, Grant’s, Clan McGregor, The Balvenie, gin Hendrick’s and Irish whisky Tullamore Dew. In addition to this, the Company distributes also the products of  French house of Camus cognac. Also the imported portfolio of Synergy includes Ron Barcelo rum, Amarula liqueur, Milagro tequila, absent Xenta, brandy Torres, "Yerevan Traditional" and the balms line of Latvijas balzams.


The combination of strong portfolio of brands, strong production base and developed sales system supports Synergy`s competitive advantages and profound organic growth year on year.

Click on http://sygroup.ru/ for more information on the Company.
 

For further information please contact:
 

Prokhor Malytin
Director, Public Relations

OJSC “Synergy”

Tel. +7 495 510 26 95
Fax +7 495 510 26 97
e-mail: malyutin@sygroup.ru

Sergey Kuptsov
Director, Corporate finance

OJSC “Synergy”

Tel. +7 495 510 26 95
Fax +7 495 510 26 97
e-mail: kuptsov@sygroup.ru

 

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