FDBusiness.com

Another Strong Year For Nichols

 Breaking News
  • Nestlé UK Launches New On-trend Flavours Nestlé has introduced two new on-trend flavours to its much-loved Munchies brand in the UK and Ireland. Available in 101g sharing bags, new Munchies Chocolate Fudge Brownie and Munchies Cookie Dough are the first new Munchies products since 1996. The new flavours were created at Nestlé’s confectionery sites in York and Fawdon, Newcastle. Munchies Brand Manager [...]...
  • Dedicated Industry Forums Take on Packaging’s Hottest Topics Experts from major brands, such as Coca-Cola, Ella’s Kitchen and REN Clean Skincare, will take to the stage as part of the dedicated industry forums for the beauty, food and drink sectors at Packaging Innovations and Luxury Packaging London 2019. The show, which returns to Olympia on 11 & 12 September, will tackle the key subjects [...]...
  • Greene King Being Sold For £2.7 Billion CK Asset, which is one of the largest property developers in Hong Kong and an international investment group, has made a recommended £2.7 billion cash offer for Greene King, the UK’s leading integrated brewer and pub retailer operating over 2,700 pubs, restaurants and hotels across England, Wales and Scotland. Including debt, the enterprise value of [...]...
  • The Hershey Company Takes Minority Stake in Irish Snacking Brand The Hershey Company, the US-based food group, has made a minority investment in Fulfil Holdings, the owner of the snacking brand FULFIL. Headquartered in Dublin, Ireland, FULFIL has rapidly grown since its inception, now outselling many traditional chocolate snack bar brands in the UK and Ireland and named a top 50 consumer brand in Ireland. Brian [...]...
  • UK Restaurant Numbers Drop Again as Consumer Tastes Shift Britain’s restaurant numbers have fallen for the sixth quarter in a row, the new edition of the Market Growth Monitor from CGA and AlixPartners reveals. Independent operators have borne the brunt of the closures with group-owned restaurants proving more resilient despite some major brand failures. The quarterly survey of the country’s supply of licensed premises reports a 3.4% drop in [...]...

Another Strong Year For Nichols

Another Strong Year For Nichols
March 06
14:35 2015

Nichols, the UK soft drinks group, has posted sales of £109.2 million for the year ended 31 December 2014, an increase of 3.5% compared to the prior year, representing growth of 4.1% on a constant exchange rate basis. In addition to the sales increase Nichols continued with its strategy of focusing on value over volume and its operating margin improved from 21% to 23% driven by healthy international growth. As a result, profit before tax (pre-exceptional items) grew by 14.1% to £25.7 million.

Nichols is a highly focused soft drinks business. Its brand portfolio includes Vimto, which is sold in over 65 countries and Levi Roots, Sunkist and Panda which are sold in the UK. The group has a leading market position in both the ‘still’ and ‘carbonate’ drinks categories.

Nichols’ UK sales increased by 3.3%, out-performing the soft drinks market growth of 0.4%. During 2014, Nichols continued to invest in its brands and in the spring successfully introduced the new Vimto advertising campaign along with a complete redesign of the Vimto packaging. These activities contributed to a healthy 4.5% growth in UK sales of the Vimto brand, which was achieved despite the continued challenging trading conditions in the UK grocery market.

Driven by a strong performance in the Middle East, international sales increased by 4.3% to £24.1 million. The underlying increase was even stronger at 7.3% when viewed on a constant exchange rate basis. Vimto concentrate sales to Nichols’ key Middle East market increase by 12.3% on the back of strong in-country demand for the brand. Elsewhere sales to African markets again performed well, increasing 3.9% on a reported basis, or 8.6% on a constant exchange rate basis against the prior year.

John Nichols, non-executive chairman of Nichols, says: “2014 was another strong year for Nichols as the group once again outperformed the wider soft drinks market on its way to delivering double digit operating profit growth, pre-exceptional items. This strong outcome is again underpinned by the strength and heritage of our core Vimto brand both in the UK and internationally, as well as the diversity of our products and markets.”

He adds: “We remain focused on delivering our growth strategy both in the UK and internationally and we look forward to the year ahead with confidence.”

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2019Packaging Innovations & Luxury Packaging London 2019
  • October 1, 2019PPMA Total Show
  • October 17, 2019Future Food-Tech
  • November 18, 2019Plastics Caps and Closures Conference 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements