FDBusiness.com

Another Strong Performance by Nichols

 Breaking News
  • Royal Unibrew Completes Acquisition of French Lemonade Business Royal Unibrew, the Denmark-based beverages group, has completed the acquisition of Etablissements Geyer Fréres for an enterprise value of DKr660 million (€88.5 million) financed by bank debt. The acquisition of Etablissements Geyer Fréres will give Royal Unibrew increased access to the French soft drinks market and will further strengthen its export portfolio. Employing about 100 [...]...
  • Private Label Outperforms FMCG Brands in Europe Private label continues to grow across Europe and is now outperforming brands in the majority of markets measured by big data and technology expert for consumer FMCG industries, IRI in its analysis of private label performance across eight major Western economies markets (UK, France, Germany, Greece, Italy, Spain, Netherlands and the US) during 2017. Growing +4% year on [...]...
  • Meat & Poultry – Future-proof For Success The meat market remains fast-moving and competitive. As part of this processors and retailers are always looking for a point of differentiation. As well as new product development, this can mean new pack formats. Convenience remains a major driver here but this has to be matched by the ability to maintain product quality and freshness [...]...
  • Ready Meals – Not Ready For the Future New research (1) published by Eating Better, a powerful alliance of more than 50 organisations, shows that supermarkets need to shake up their ready meal ranges. They are not catering for the growing number of flexitarian customers who are cutting back on their meat eating for their health and the health of the planet (2). [...]...
  • Top 100 Largest Spirits Brands Revealed The world’s most popular alcoholic drink in 2017 was the South Korean soju brand Jinro, owned by Hite-Jinro, according to the IWSR Real 100, the definitive ranking of the world’s largest spirits brands by volume. Selling almost 76m nine-litre cases, Jinro retains its number one position from last year, and once again by a staggering [...]...

Another Strong Performance by Nichols

Another Strong Performance by Nichols
August 09
09:46 2011

UK soft drinks group Nichols has increased profit before tax by 20.4% to £7.2m and sales by 14.4% to £50.5m for the first half ended June 30th 2011. Volumes in the UK soft drinks business were 11% up on last year, delivering a 13% sales increase to £28.3m, against a UK soft drinks market which grew by only 1% in volume terms and 6% in value.

 

Nichols’ international sales grew by 13% in the first half of the year, with sales to the Middle East up 11% and sales to Africa up 14%, following a strong performance last year.

 

Nichols’ brand portfolio includes Vimto, which is sold in over 65 countries, and Levi Roots (soft drinks), Sunkist and Panda which are sold in the UK. The group has a leading market position in both the ‘stills’ and ‘carbonates’ drinks categories and also in the soft drinks on dispense market.

 

In March 2011, Nichols acquired the remaining 50% equity of Dayla Liquid Packing and this has generated additional revenue of £1.4m, which contributed to a 20% increase in sales at the half year for the dispense business. Like for like sales without the incremental Dayla revenues increased by 5% year on year.

 

A combination of price increases, cost efficiencies, new product development and international business growth has allowed Nichols to maintain its half-year group operating margin despite the continued pressure from raw material cost inflation.

 

“We have again grown our UK market share and our international business continues to thrive. We expect full year profits will be significantly ahead of last year,” comments John Nichols, non-executive chairman of Nichols.

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
  • September 27, 2018Int'l Fruit Show (eurofruit)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements