Codorníu 2008 results: US sales up 135%

The purchase by leading cava and wine group Codorníu of US distributor A.V. Brands has shown immediate benefits; group sales, which includes imports to the US and those of Artesa, Codorníu's Napa Valley winery, rose in 2008 to 35.2 million euros, up from 12.8 million in 2007.

Overall, total group sales rose by 10.5% to reach 244.47 million euros. Codorníu's sales in Spain were also up: cava by 6% and still wines by 4.7%.

Sourced from: Expansión Feb 17, by Sergi Saborit.