Despite the credit crunch Bruichladdich Distillery is still going strong and they are forecasting continued growth. This is not only great news for the distilleries' shareholders but most of all for all the people that are employed by the distillery. Bruichladdich is one of the largest employers on the island and they claim that 'Bruichladdich is the largest employer after the State, 49 islander employees, more than all the other Islay distilleries put together.' That figure, and others too, will most likely rise after the opening of the new Port Charlotte Distillery. Mark Reynier, MD of Bruichladdich, sent the following press release about a week ago:
Bruichladdich Distillery seen from Ronnachmore near Gartbreck
Bruichladdich, the progressive Hebridean distiller, reports continued growth in 2008. Sales increased for the privately owned company by 15% for the year ending 31/12/08, up to Â£7.89m from Â£6.86m in 2007, slightly ahead of forecast. Pre-tax profit increased by 42% to Â£1.07m, from Â£0.75 in 2007 despite significant investments in an enterprise resource planning system, and other exceptional costs. Bruichladdichâ€™s success comes when industry analysts expect 2008 single malt sales to have fallen, even though being up 2.6% in the UK according to HM Revenue & Customs. "Despite the environment â€“ economic climate change, global financial warming, and banking meltdown â€“ we are forecasting continued growth" said CEO Mark Reynier. 'Bruichladdich appeals to sophisticated palates, while the variety of our bottlings stimulates the more open-minded consumer. Weâ€™re not only preaching to the converted. This is an exciting, innovative, but authentic brand, in a deeply consolidated industry where 80% of production is owned by 5 groups. We are premium, quality and niche.' All profits are re-invested in the business. 2009 distillation will increase 15% to 800,000 litres of alcohol from traceable barley grown on 23 Islay and mainland scotland farms.