FDBusiness.com

Refresco Gerber Reports Solid 2015 Results

 Breaking News
  • HKScan Strengthens its Meals Offering With Investment in Estonia HKScan, the leading Nordic food company, plans to invest in its Rakvere unit in Estonia. The €8 million investment will go towards modernising the unit’s frying department, including the expansion of the building and the installation of new cooking and packaging lines enabling implementation of new technologies and packaging solutions. Construction is to commence in [...]...
  • Food and Drink is at the Heart of the UK’s Largest Packaging Show Packaging Innovations, Empack and Label&Print returns to Birmingham’s NEC on 28 February-1 March 2018, and is set to be the most innovative show to date. With over 290 exhibitors already signed up, the UK’s largest annual event for the entire packaging supply chain will feature the latest industry innovations and technologies, alongside a major free-to-attend [...]...
  • AGRO Merchants Group Acquires Grocontinental AGRO Merchants Group, a global leader in cold storage and logistics solutions, announced today the acquisition of UK-based Grocontinental Limited. This transaction reinforces AGRO’s position as the leading cold storage and logistics provider in the United Kingdom and Ireland, deepens its commodity expertise, and substantially enhances its value-added service offerings for customers. David Grocott and Linda Grocott, third generation owners of [...]...
  • Trade Fair and More – The Event and Congress Programme For Anuga FoodTec 2018 Resource efficiency will be the primary focus of Anuga FoodTec 2018, the leading international supplier fair for the food and beverage industry, which will be held in Cologne, Germany from 20 to 23 March 2018. Around 1,700 suppliers from more than 50 countries will be presenting their new products for the production and packing of [...]...
  • TINE to Invest €77 Million in New Jarlsberg Plant in Ireland TINE, Norway’s largest farmer-owned dairy co-operative, is to invest €77 million in a dairy with the capacity to produce 20,000 tonnes of Jarlsberg cheese a year. The goal is to secure and strengthen Jarlsberg sales outside of Norway as export supports are phased out in 2020. This will make export of Jarlsberg from Norway unprofitable. “Jarlsberg [...]...

Refresco Gerber Reports Solid 2015 Results

Refresco Gerber Reports Solid 2015 Results
March 14
16:54 2016

Refresco Gerber, the leading European bottler of soft drinks and fruit juices for retailers and branded customers, has reported a 1% decline in revenue to €2.016 billion for 2015 with adjusted EBITDA increasing by 3.8% to €216.2 million. Reported net profit rose from €38.7 million in 2014 to €41.8 million. Net profit, adjusted for one-off items, amounted to €77.8 million compared to €46.7 million in the previous year.

The 1% decrease in revenue was due to passing on more favourable input prices to customers. Volume sales in 2015 increased 2.1% to 6.095 billion litres, with co-packing volumes up by 8.8% or 19.1% of total volumes. Gross profit margin per litre at 14.2 euro cents was the same as in 2014.

Hans Roelofs, chief executive of Refresco Gerber, comments: “Looking back on 2015 I am pleased to confirm that we have delivered in line with our outlook to grow volumes faster than the market. We additionally report a slightly better than foreseen gross profit margin per litre and end the year with a strong cash position. Revenue declined slightly due to the passing on of more favourable input prices to our customers, a dynamic that we have highlighted in previous quarters.”

Hans Roelofs, chief executive of Refresco Gerber.

Hans Roelofs, chief executive of Refresco Gerber.

He continues: “On strategy, we took significant steps in pursuit of our goals. We successfully completed our IPO and refinancing while continuing to grow our business and maintain our margins. We continued investing in new bottling lines and new warehousing facilities, enhancing our manufacturing and supply chain capabilities, especially in the growth category of Aseptic PET. Our efforts to grow Co-Packing relative to Private Label also paid off with an 8.8% increase over the full year.”

In line with its buy and build strategy, Refresco Gerber is acquiring the PepsiCo bottling facility in Hamburg, Germany, including a ten year co-packing agreement. The transaction is expected to close in the second quarter of 2016. Refresco Gerber operates production in the Benelux, Finland, France, Germany, Iberia, Italy, Poland and the UK.

“For 2016, we expect an organic volume growth compared to 2015 in the low to mid-single digits and gross profit margin per liter to be marginally lower compared to 2015,” he says.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • January 8, 2018RAI Exhibition
  • January 16, 2018Sival Plant Production Trade Show
  • January 17, 2018Dutch Organic Trade Fair
  • January 17, 2018Anfas Food Product
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements