FDBusiness.com

Real Good Food Company Set For Major Expansion

 Breaking News
  • Younger British Consumers Turn Over a New Leaf on Tea New research from Mintel reveals that as many as 37% of British consumers aged 25-34 have drunk 5-6 different types of tea at home or in the workplace over the past month*, compared to just 3% of those aged 55+. Furthermore, Brits aged 25-34 are the most likely to drink every variety of tea tracked by [...]...
  • Irish Consumer Confidence Hits New High Consumer confidence in Ireland has hit its highest level since the recession and is now the fourth most confident country in Europe, according to the latest Nielsen Global Survey of Consumer Confidence and Spending Intentions. The Republic of Ireland’s Consumer Confidence Index score – which measures attitudes each quarter on topics including personal finances and job prospects [...]...
  • Fifth Acquisition For Frutarom in 2017 Frutarom Industries, one of the world’s 10 largest companies in the field of flavours and natural specialty fine ingredients, continues its momentum of acquisitions and the implementation of its rapid and profitable growth strategy by agreeing to purchase of 100% of the shares of the UK company Flavours and Essences (UK) Ltd (F&E) for approximately [...]...
  • Market-leading Food Contact Conference, Plastics & Paper in Contact with Food – 4-7 December, Berlin Over 200 experts from across the food contact industry will come together in Berlin, Germany from 4–7 December 2017 to attend Smithers Pira’s Plastics & Paper in Contact with Foodstuffs (P&P) –http://www.food-contact.com/plastics-paper. With the European Commission having recently published EU regulation 752/2017 amending EU Regulation 10/2011 on plastic materials and articles intended for food contact, all [...]...
  • Croxsons’ Stunning Black Bottle For 6 O’Clock Gin’s Limited Edition Debut Leading glass packaging company Croxsons has supplied Bristol based distiller, 6 O’Clock Gin, with a stunning black bottle for their first limited edition gin product – the Brunel Edition. Since Bramley & Gage’s partnership with Croxsons for the re-launch of their 6 O’Clock gin, the Brunel Edition is the first limited edition gin for 6 O’Clock [...]...
  • Carlsberg Group Remains on Course Carlsberg Group has announced organic and reported net revenue growth of 2% to DKr31.77 billion (€4.27 billion) for the first half of 2017 although group beer volumes fell organically by 3%, chiefly due to a decline in Russia. Operating profit was up 15% organically, with all three regions – Western Europe, Eastern Europe and Asia [...]...

Real Good Food Company Set For Major Expansion

Real Good Food Company Set For Major Expansion
July 04
09:41 2012

With all divisions recording sales growth, Real Good Food Company has reported a 62% increase in EBITDA to £9.1 million on turnover up 24.4% to £249.0 million in 12 months to December 2011. The performance was driven by a focus on brand development and by driving sales growth.

A significant proportion of the EBITDA growth came from sugar distributor Napier Brown as it responded successfully to the market changes following EU sugar regime reform but the overall profit performance was supported also by strong results from Renshaw and Garrett Ingredients. Renshaw supplies a range of food ingredients primarily to the bakery sector, while Garrett is a major player in the UK ingredients and bakery market supplying a full range of dairy and bakery ingredients, ice-cream mixes, sugar and milk. The fourth division, Haydens Bakery, produces chilled and ambient premium patisserie and desserts and has just commenced a three years bakery modernisation programme.

Pieter Totte, executive chairman of Real Good Food Company, comments: “In 2011 we delivered on our commitment to return to growth in sales and profitability. We are now embarking on an exciting period designed to transform the scale of the group over the next three years. This strategy is rooted in robust plans produced by each individual business and we have restructured the group to support these.” Real Good Food Company is aiming to double sales over the next three years.

In April 2011 the board announced it was moving its year end from 31 December to 31 March to better align its financial reporting with its trading seasonality. The October to December period is especially busy generating most of the year’s operating profits (about 58% of EBITDA was generated in the 2011 calendar year). The January-March period is the group’s ‘quietest’ trading period with EBITDA typically around the break even level driven by the combination of the lowest sales levels in the year in this quarter with a relatively flat overhead base through the year.

This is evident in the trading comparatives with sales of £305.5 million for the 15 months to 31 March 2012, £56.5 million higher than the 12 months ended 31 December 2011 (£249.0 million) but profitability flat with EBITDA at £9.2 million and £9.1 million respectively.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2017drinktec
  • September 13, 2017FI Asia
  • September 19, 2017PROCESS EXPO 2017
  • September 22, 2017Global Summit on Food & Beverages
AEC v1.0.4

The Magazine

F&D Business Preferred Suppliers

Advertisements