10th Feb 2025 11:39
(Alliance News) - Artisanal Spirits Co PLC on Monday said it has seen "encouraging demand" for its new whisky collection.
The Edinburgh, Scotland-based distiller of single-cask and limited-edition whiskies said the first two releases of its new Creators Collection produced "strong trading results".
The first release, Peat Plants Collection, generated more than GBP250,000 with the second Homecoming Collection "proving equally as popular" the company said.
The firm said the products were popular in the EU, with 75% sold out in the first 24 hours giving confidence for the US launch.
Chief Executive Andrew Dane said: "I am delighted to report that the initial launches within the new Creators Collection have been so well received by our members.
"The level of demand for these initial launches is encouraging and we look forward to continuing to innovate and leveraging the future opportunity open to us to captivate a growing global community of whisky adventurers."
He said: "We have entered FY25 on the back of a strong set of FY24 results, on track to deliver further profitable growth in FY25 and beyond, continuing to demonstrate the strength of our pioneering model through product innovation, growing revenue diversification and efficient cost management combining to help achieve our ambition of creating a high quality, highly profitable and cash generative premium global business."
Artisanal Spirits shares were up 1.6% to 32.50 pence in London on Monday morning.
By Michael Hennessey, Alliance News reporter
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