William Grant & Sons deliver £1bn turnover

Independent family distillers William Grant & Sons has reported a turnover of more than £1 billion for the second year in a row (£1.06bn), up 1.4% on the previous year.

Turnover on the company's core brands has increased by 7% year on year and the company has delivered a group operating profit of £124.8m for 2012, down from £126.3 million in 2011.

Stella David, chief executive of William Grant & Sons, said: "Whilst 2012 saw some difficult global economic conditions, the company has continued to perform well, thanks to the continued success of our premium spirits brands and our consistent focus on building brand equity and investing for the long-term."

The company has also invested in production capacity and upgrades to both the Glenfiddich and Tullamore D.E.W. visitor centres and continued to invest in its innovation brands including Monkey Shoulder, Reyka Vodka, Solerno Blood Orange Liqueur and premium tequila brand Milagro.