Belvédère Group revenues down in 2014

Polish-made Sobieski vodka producer Belvédère Group reported a revenue decrease by 4.1 percent year-on-year to  €466.9 million in 2014. In Poland, revenues stood at €179.0 million in 2014, a decline of 19.7 percent year-on-year, the company announced. “Due to the excise tax increase, which came into force at the beginning of 2014, the company saw exceptionally high growth of sales in Q4 2013. In consequence, the sales in H1 2014 dropped. In the last quarter of 2014, the group brands (Sobieski and Krupnik) increased the volume share in the market by 12.8 percent,” the press release informed. Belvédère Group is an alcohol-related firm based in France. The company controls production and distribution of the Sobieski vodka. It is listed on the WSE under the Sobieski name.