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Wine “normalisation” in UK pulls on Concha y Toro in Q2 – results data

Intel Reporter
Last updated: 17/08/2022 at 10:40 AM
By Intel Reporter
17 August 2022
1 Min Read

Viña Concha y Toro has warned of a return to pre-pandemic wine consumption habits in its key market of the UK, as the wine group’s growth rate in 2022 has started to slow.


Concha y Toro vineyards in Chile
Credit: Jorge Fernandez Salas/Unsplash
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Quarterly sales rise 5.6% to CLP222.18bn (US$251.6m) - reportedTop line in six months to end of June +7%, CLP400.2bnLogistics issues result in loss of promotional slots in Q2 Viña Concha y Toro has warned of a return to pre-pandemic wine consumption habits in its key market of the UK, as the wine group's growth rate in 2022 has started to slow. Sales in the three months to the end of June increased by 5.6% year-on-year for the Chile-headquartered company, following an 8.9% top-line lift in the first quarter. A near-11% volumes decline in Q2 was blamed on performance in Europe, the UK i

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