FDBusiness.com

Another Strong Year For Nichols

 Breaking News
  • Another Year of Progress For Nestlé Nestlé has reported a 2.1% increase in sales to SFr91.4 billion (€80.6 billion) for 2018 with organic growth of 3% and group RIG of 2.5%, which was at the high end of the food and beverage industry, helped by faster innovation and successful new product launches. 2018 organic growth was supported by stronger momentum in [...]...
  • Fast-growing Asia Maternal Nutrition Market to Boost Demand For Dairy ingredients and Formula Maternal nutrition is a hot new opportunity in emerging markets, according to the latest report from food and drink experts, Zenith Global. In many parts of Asia, the concept of optimal nutrition during the first 1,000 days of a baby’s life (from conception to two years old) is capturing the attention of mothers and their [...]...
  • Innovation in the Spotlight at UK’s Largest Packaging Show Packaging Innovations, Empack and Label&Print 2019 returns to Birmingham’s NEC later this month with its most innovative show to date. The show, which also includes Contract Pack, Ecopack and Industrial Pack, will showcase more product launches and innovation from across the industry than ever before as it welcomes over 300 suppliers. As always, Innovation is the [...]...
  • £100 Million Müller Programme to Transform UK Fresh Milk Business Müller Milk & Ingredients, Britain’s largest producer of branded and private label fresh and flavoured milk, cream, butter and ingredients, has launched a £100 milliion cost and margin improvement programme which aims to secure a vibrant and sustainable future for the business, to the benefit of consumers, customers, employees and farmers. Project Darwin includes a comprehensive [...]...
  • Coca-Cola European Partners Continues to Focus on Driving Profitable Revenue Growth Coca-Cola European Partners has reported its fifth consecutive quarter of revenue growth and announced plans to trade on the London Stock Exchange. Revenue grew by 4.0% to €11.5 billion and comparable operating profit grew by 7.0% to €1.6 billion in 2018. Earnings per share were €2.30, an increase of 8.5%. Coca-Cola Zero Sugar led growth 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

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements