MONTREAL, June 15, 2012 /CNW Telbec/ - The SAQ ended its 2011-2012
fiscal year with net earnings of $999.7 million, an increase of $89.2
million or 9.8% from its preceding fiscal year. At the same time, the
company ended its most recent fiscal year with sales of more than $2.8
billion. Expressed as a percentage of sales, net earnings rose to
35.2%, compared with 34.3% in fiscal 2010-2011. At fiscal year-end, the
SAQ transferred a dividend of $999.7 million to the Quebec government,
$97.7 million more than the amount specified for this reference year in
its 2010-2012 strategic plan. In all, government revenues from the
SAQ's business activities, in the form of dividends, duties and
consumption taxes, reached an all-time high of $1.9 billion.
Decrease in the operating ratio
Net expenses totalled $509.6 at fiscal year-end as opposed to $506.6
million for the preceding fiscal year, a $3 million or 0.6% increase.
Expressed as a percentage of sales, net expenses amounted to 18% in
fiscal 2011-2012, compared with 19% for the preceding fiscal year. This
improvement is directly related to the optimization efforts made by SAQ
Well-performing sales networks
For fiscal 2011-2012, sales from the SAQ's entire sales and distribution
network totalled $2.837 billion, an increase $179.3 million or 6.7%.
The corresponding volume sales grew 8.4 million litres to reach 188.9
Specifically, the outlet and specialized centre network had sales of
$2.524 billion at fiscal year-end, a $161.9 million or 6.9% increase
from the preceding fiscal year. The corresponding volume sales grew
4.4%, from 142.8 million litres to 149.1 million litres.
For their part, sales in the wholesale grocer network were up 5.9% from
the preceding fiscal year to reach $312.7 million, while volume sales
increased 5.6% to 39.8 million litres.
Wine accounts for 77% of the overall increase in sales
Sales of all product categories rose in fiscal 2011-2012. The wine
category, with sales of nearly $2.125 billion, achieved noteworthy
growth of $137.7 million or 6.9% from the preceding fiscal year. This
product category, which is very popular with Quebecers, accounted for
77% of the overall increase in sales in the year just ended. The
category's corresponding volume sales grew by 6.9 million litres to
155.2 million litres in fiscal 2011-2012.
Sales of spirits, which are sold only through the outlet and specialized
centre network, also continued to rise, ending the year at $621.8
million, a $40 million increase from fiscal 2010-2011. The category's
volume sales totalled 21.8 million litres, an increase of 1 million
litres from the preceding fiscal year.
Lastly, sales for the imported and microbrewery beers, ciders and
coolers category experienced a small $1.6 million uptick in growth to
$90.6 million. The corresponding volume sales totalled 11.9 million
litres, compared with 11.4 million litres for the preceding fiscal
The coming fiscal year
The SAQ's solid performance in fiscal 2011-2012 is the result of the
mobilization and commitment of all its employees, who redoubled their
efforts to satisfy customers.
The SAQ is determined to offer high-quality products and an outstanding
shopping experience to Quebecers. In the coming fiscal year, the SAQ
will continue to invest in its outlet network and in developing its
personnel. It will also adapt its procurement strategies in order to
offer new products. Lastly, it will continue effectively managing its
resources in order to post new productivity gains.
The SAQ's 2012 annual report will be published in the coming days on SAQ.com.
SOURCE Société des alcools du Québec - SAQ
For further information:
Manager, Public Affairs
Société des alcools du Québec
514 254-6000, ext. 6574