Higher prices create stabile turnover for Spadel

Higher prices create stabile turnover for Spadel

Belgian water bottler Spadel managed a turnover of 101.405 million euro in the first half of 2013, only 0.1 percent lower than the first half of 2012.

Spa in a tough spot

Spadel’s water brands are in a tough spot, with competition on the lower end of the scale from the house brands and pressure on the higher end of the scale as well. The fact that Spadel has managed to stabilize its turnover in the first half of the year, can be attributed to a price hike.

 

The company mostly known for its Spa and Bru labels, saw an increase in worth of its natural mineral water destined for Belgian home consumption with 0.8 %, even though it dropped in volume 0.6%. Sparkling water was the driving force of this increase, helping the company increase its turnover 3%, despite a slight drop in market share.

 

Its Dutch market share also dropped, partly because distributor Superunie boycotted its brands for a while. Sales volumes have been on the rise from the middle of April onwards, towards their former levels, but Spadel still had to take a seven percent hit to its turnover in the Netherlands.

 

Purchases spur growth in France

Consumption of Spadel’s natural mineral water destined for home consumption declined in France (-3.3 % in worth and 1.5 % in volume), with only the Wattwiller brand increasing sales by 2 %.

 

The importance of the French market has increased now that Spadel purchased Les Eaux Minérales de Ribeauvillé from Nestlé in the beginning of July. Les Eaux realized a turnover of 16.3 million euro in 2012.

 

30 % profit increase

Financially it has been a good first half year for Spadel, as net profits increased 30.2 %, reaching 6.056 million euro as margins were increased because of higher prices and lower costs. Spadel saved 5.8 % on resources, 3.1 % on goods and services and 3% on personnel. These numbers lead Spadel to believe that the full-year results for 2013 will outperform those of 2012.

 

Questions or comments? Please feel free to contact the editors


Fewer customers and lower turnover for H&M

15/12/2017

Swedish H&M Group suffered a 4 % turnover drop in the fourth quarter because its stores welcomed fewer customers.

Hunkemöller is European Retailer of the Year

14/12/2017

Dutch lingerie chain Hunkemöller has been elected “Retail of the Year Europe 2017-2018”. Q&A, which also elects a “Retailer of the Year” in Belgium and the Netherlands, organized the election for the third time.

Amancio Ortega leaves Inditex with strong quarterly growth

14/12/2017

Over the first three quarters of fiscal year 2017, Inditex’ turnover grew 10 % to 17.96 billion euro. The Spanish fashion company published the results as its boss, Amancio Ortega, stepped down.

Glimmer of hope for fashion retail in 2018

08/12/2017

McKinsey wrote in its The State of Fashion 2018 study that the industry has survived the harshest, even though nothing will ever be as it used to be. Growth will come from southern and eastern regions; fast-fashion will become even faster and the large companies will become even larger.

Gucci investigated for tax avoidance

04/12/2017

The Italian police raided Gucci’s offices in Milan and Florence, looking for evidence of tax avoidance. The fashion label admitted there was an investigation and that it is fully cooperating.

Quiksilver wants to acquire Billabong

01/12/2017

Surfing brand Quiksilver tabled a 150 million dollar (125 million euro) bid for its competitor, Billabong. It may be the latter’s only way out, with compounding losses in the past few years.

Back to top