First Quarter 2013: Concha y Toro increases in 2.2% it's sales

Viña Concha y Toro S.A. informed today its preliminary sales for the first quarter 2013. Consolidated sales totaled CLP $ 88,416 million, showing a 2.2 percent increase as compared to the same quarter last year. Related to this, it is important to consider that export market volumes were affected by the port strike in Chile during March; where around 1,485 thousand liters couldn’t be shipped, acording to the same company.

For this quarter, sales of export markets in Chilean Pesos, increased 3.8 percent; sales of wine in the domestic market dropped by 5.8 percent; Domestic market – New Business increased 2.1 percent. In the case of Argentina, Domestic Sales reached CLP$1.047, decreasing 30.9 percent from the CLP $1.516 registered in the same period of the last year. This result was affected by the fall of 37.6% in the sales volume, which represents only CLP $775 compared with the CLP $1.241 of the first quarter of 2012. 

Finally, USA (Fetzer) Domestic sales rose to CLP $10.489, with a positive change of 10.2 percent. 

Viña Concha y Toro is one of the most important wine companies, with a presence in over 135 countries. It has a broad portfolio of wines, including varietal, premium and ultra premium. The principal subsidiaries are Viña Cono Sur, Viña Maipo, Viña Palo Alto, Viña Maycas del Limarí, and Trivento Bodegas y Viñedos which operates in Argentina and has become the second largest exporter by volume in that country. Recently, the company acquired Fetzer Vineyards in the United States.

Concha y Toro’s distribution network comprises 332 independent distributions and 12 owned subsidiaries, which enables it to access markets in 135 countries.