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Waterford Whisky Made €2.8m From Its Products In 2018

Published on Sep 28 2021 11:03 AM in Drinks tagged: Trending Posts / Waterford Whisky / Renegade's Waterford Distillery

Waterford Whisky Made €2.8m From Its Products In 2018

New accounts have revealed that Waterford Whisky made €2.8 million from its newly launched range of whiskies in 2018, according to The Business Post.

Waterford Whisky Founder Statements

Waterford Whisky founder Mark Reynier reportedly told The Business Post that that figure will grow significantly this year with the launch of a new product called "whiskey cuvée", which is reportedly a grand blending of Reyneir's various spirits made from grains from different farms and regions around Co. Waterford.

Reyneir reportedly said, "You have to remember, we’re launching a philosophy. Waterford is not just an ordinary whisky. The philosophy behind it is not new, it’s just new to whisky. Champagne is made that way. The great Bourdeauxs are made that way, like Château Latour and Château Lafite."

Additional Figures

The most recently published accounts for the company behind Waterford Whisky, Renegade's Waterford Distillery, reportedly reveal that the it had turnover of €2.8 million, based mostly on its sale of what it calls "single farm origin" whiskies, and that those sales reduced the company's operating loss for the year to €56,834, compared to a loss of €839,129 in 2019.

The company was reportedly also sitting on €24.7 million worth of stocks, of which €1 million was reportedly finished whiskey for sale, and €23.6 million of which was reportedly maturing spirit.

2021 Sales

Reynier reportedly declined to say how sales are going in 2021 to date other than to say, "Obviously they have increased, but I don’t know what the final numbers are going to be".

© 2021 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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