Vina Concha y Toro Ends 2009 With a 12.3% Growth in Sales
SANTIAGO, Jan. 15 /PRNewswire-FirstCall/ -- Vina Concha y Toro (NYSE: VCO) informed today preliminary sales for the fourth quarter and year 2009. The company ended year 2009 with consolidated sales of Ch$353,552 million, showing a 12.3% increase as compared to year 2008. Growth was led by higher sales in foreign markets and an increase in wine and other product sales in Chile. For the year, total exported volume increased 8.7% and the domestic market grew 3.5%. Volume for the Argentine subsidiary decreased 4.9%.
For the quarter, total sales reached Ch$93,897 million, representing a 5.7% increase following positive growth in both the export and domestic markets. In the quarter, export volume increased 13.8% and the domestic market grew 3.6%. Sales volume for Argentina decreased 8.3%.
4Q2009 4Q2008 % change 2009 2008 % change
Total Sales (millions
of Chilean pesos) 93,897 88,798 5.7% 353,552 314,756 12.3%
Export markets 65,874 63,894 3.1% 250,929 225,694 11.2%
Domestic market -
Wine 14,213 12,959 9.7% 53,631 50,184 6.9%
Domestic market -
Other products 5,521 1,378 300.5% 14,824 4,154 256.8%
Argentina 6,122 7,910 -22.6% 24,378 24,376 0.0%
Other (1) 2,167 2,656 -18.4% 9,790 10,347 -5.4%
Volumes 4Q2009 4Q2008 % change 2009 2008 % change
(thousands of liters)
Export markets 41,500 36,461 13.8% 158,188 145,468 8.7%
Domestic market -
Wine 18,737 18,092 3.6% 74,235 71,742 3.5%
Argentina 5,233 5,709 -8.3% 20,734 21,799 -4.9%
(1) Includes bulk wine sales.
Contact:
Blanca Bustamante
Head of Investor Relations
Vina Concha y Toro
(562) 476-5026
SOURCE Vina Concha y Toro
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