FDBusiness.com

Another Successful Year For Nichols

 Breaking News
  • Lactalis Expands in Infant Nutrition With €740 Million Acquisition Lactalis Group, the international dairy group based in Laval, France, is acquiring the Nutritional business of Aspen Pharmacare for €739.8 million (R12.9 billion). The business being acquired supplies a wide range of infant nutritional and growing-up milk products across both the premium and value segments. It manufactures and markets well established quality brands, including S-26, [...]...
  • Thatchers Cider to Invest £14 Million in New Cider Mill Thatchers Cider, the family owned English cider producer, is to invest £14 million in a new cider mill at its Myrtle Farm site in Somerset to meet growing demand for its products. The company has applied for planning permission and, if granted, the new mill would come on stream in 2019. “This investment is about our [...]...
  • Coca-Cola Great Britain Teams Up With Premier League Premier League and Coca-Cola Great Britain have announced a new three-and-a-half-year partnership, starting in January 2019. It is the first sponsorship Coca-Cola Great Britain will activate across multiple brands within its portfolio, showcasing a range of drinks including sparkling soft drinks, water and fruit-based drinks, with low and no-sugar options. The partnership will see Coca-Cola work [...]...
  • Barry Callebaut Completes $30 Million Capacity Expansion in North America Barry Callebaut, the world’s leading manufacturer of high-quality chocolate and cocoa products, has announced the completion of several expansion investments in three of its North American facilities located in St Hyacinthe, Quebec; Chatham, Ontario; and St Albans, Vermont. The investments amount to close to US$30 million and are in line with previously announced plans. Recent investments [...]...
  • Strong First Half From Hilton Food Group Hilton Food Group, the UK-based leading specialist international food packing business, has reported a 25.0% increase in turnover to £863.6 million and by 24.5% on a constant currency basis for the 28 weeks to 15 July 2018. Volumes increased by 12.7% reflecting growth in the UK, Ireland and Australia. Operating profit for the first half [...]...

Another Successful Year For Nichols

Another Successful Year For Nichols
March 15
12:02 2011

UK-based soft drinks group Nichols increased profit before tax (pre-exceptional) by 23% to £15.1m on sales up 16% to £83.9m for the year ended December 31st 2010. Nichols’ brand portfolio includes Vimto, which is sold in over 65 countries, and Sunkist and Panda, which are sold in the UK. The company operates in both the ‘stills’ and ‘carbonated’ drinks categories and also in the soft drinks on dispense market, where its brands include Cabana, Ben Shaws and Dayla.

Whilst the UK soft drinks market grew by 7%, the group’s domestic sales increased by 15% to £69m, buoyed by the launch of Cherry Vimto, which delivered incremental sales of £3.7m. Nichols’ international revenues increased by 24% to £15.4m, with significant growth coming from Africa (+56%) and the Middle East (+13%). The overseas operations are a significant contributor to the group, hedging against the uncertainties of the UK economy and diluting the impact of raw material inflation, currently affecting the food and drink industry in the UK.

Sales of soft drinks on dispense increased by 8%, largely as a result of the acquisition of the Ben Shaws dispense business in January 2010. Nichols has now announced that it is strengthening its dispense business by acquiring the remaining 50% stake in Dayla Liquid Packing (Dayla).

“2010 was another outstanding year, despite the difficult economic environment,” says John Nichols, non-executive chairman of Nichols. “We made excellent progress and were well ahead of 2009, which was also a record year for us and therefore a tough target to beat. In a challenging consumer market, once again we have delivered double digit growth in volume, revenue and profitability. We remain confident in producing further profitable growth in 2011 and beyond.”

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 25, 2018PPMA Show 2018
  • September 27, 2018Int'l Fruit Show (eurofruit)
  • September 30, 2018Trade Fair for Butchers, Caterers and Meat Industry (Meat Expo)
  • October 1, 2018Poznan International Fair
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements