Conviviality sees sales almost double to £1.56 bn

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Conviviality

The budget alcohol retailer and wholesaler Conviviality has seen its group sales nearly double in the last year hailing “great progress” across all its subsidiaries.

Retail sales in the year to April 30 rose 6.1 per cent to £374 million, with like-for-likes in the second half up 1.5 per cent, excluding tobacco.

Its figures were boosted by the recent aqcuisitions of wine wholesaler Bibendum, drink supplier Matthew Clark and pop up bar Peppermint.

Total group sales saw a staggering increase, rocketing from £841 million in 2015 to £1.56 billion this financial year.

READ MORE: Conviviality returns to profit with 211% revenue boost

Meanwhile its wholesale business also saw sales grow 6.4 per cent to £1.04 billion, boosted by an increase in outlet numbers and a further 4.8 per cent rise in sales per outlet.

“We have come to the end of an unprecedented year of change and I am pleased to report a strong trading performance for the group and for each of its business units,” chief executive Diana Hunter said.

“We have made great progress on the integration of Matthew Clark and the acquisition and integration of Bibendum PLB Group.

“Our focus will continue to be on improving the business and ensuring that benefits are realised from our greater scale, as we drive efficiencies for the Group and greater service for our customers.”

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