FDBusiness.com

Refresco Gerber Pursues Growth in 2014

 Breaking News
  • Coca-Cola European Partners to Remove 4,000 Tonnes of Single-use Plastic by Swapping Shrink Wrap For Cardboard in Western Europe Coca-Cola European Partners, will be replacing plastic shrink wrap with cardboard for its can multipacks across Western Europe, removing approximately 4,000 tonnes of single-use plastic per year across the region. This is the latest move in Coca-Cola’s commitment to tackle packaging waste and remove all unnecessary single-use plastic from its secondary packaging. Plastic shrink wrapping is used [...]...
  • EU Leading in Global Agri-food Trade The EU has been confirmed for yet another year in its position as the largest global exporter of agri-food products, with sales reaching €138 billion in 2018. Agriculture products represent a solid share of 7% of the value of EU total goods exported in 2018, ranking fourth after machinery, other manufactured goods and chemicals. Agriculture and [...]...
  • Is ‘Flexitarianism’ the Future? A workshop held recently at the University of Nottingham has revealed that ‘flexitarianism’ is a new and growing trend amongst British consumers. Delegates at an event that discussed plant-based diets heard how eating more plant-based products represented a sustainable future for food and drink production. Organised by the Agrifood Training Partnership (AFTP), and chaired by AFTP [...]...
  • Chivas Brothers Opens New Head Office Chivas Brothers, the Scotch whisky business of Pernod Ricard, has opened a new 27,000 sq ft head office in the centre of Glasgow. Jean-Christophe Coutures, chairman and chief executive of Chivas Brothers, says: “We need to keep moving with the times and this is the beginning of a new and exciting chapter for Chivas Brothers [...]...
  • Unilever Achieves 100% Renewable Electricity Across Five Continents Unilever has announced that its factories, offices, R&D facilities, data centres, warehouses and distribution centres across five continents are now powered by 100% renewable grid electricity. As far as possible, Unilever’s transition to renewable electricity has been delivered through supporting the development of local renewable energy markets, with 38% of its grid electricity supplied through [...]...

Refresco Gerber Pursues Growth in 2014

Refresco Gerber Pursues Growth in 2014
March 24
12:20 2014

Refresco Gerber, the European soft drinks and fruit juices group created following the rent merger of Refresco and Gerber Emig, has reported a 3.2% increase in revenue to €1.59 billion with volume up 2.2% for 2013. On a like-for-like basis revenue and volume declined 1.6% and 0.8%, respectively mainly due to weak markets and a change in product mix towards more value for money products.

Full year adjusted EBITDA was €139.7 million, an improvement of €24.2 million or 20.9% on 2012. Operating costs fell by €4.0 million on a like-for-like basis as a result of rightsizing initiatives. Including merger costs and Gerber Emig, net loss was €28.9 million compared to a net loss of €18.2 million in 2012.

Hans Roelofs, chief executive of Refresco Gerber, comments: “We are pleased to report a solid performance improvement in our underlying business despite the weak market conditions in Europe. The improvement was driven both by the successful implementation of our strategy to focus on better contributing volumes and cost control, as well as some relief in raw and packaging material prices. The merger of Refresco and Gerber Emig in the last quarter of the year was a major milestone in our strategy of expansion as a pan-European bottler of soft drinks and fruit juices serving both retail and branded customers. I am convinced that we have created a sound platform from which we can serve our customers even better than in the past and pursue further growth in 2014 and beyond.”

Refresco Gerber operates production units in the Benelux, Finland, France, Germany, Iberia, Italy, Poland and the UK.

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • 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