Spadel gets sparkling results

Spadel gets sparkling results

Spadel, the company which owns water brand Spa, has outperformed 2013's result in the first half of 2014. Both its net turnover and operating income went up, thanks to better sales in every market.

Operating income doubled

 

Spadel managed a 117 million euro turnover in the first half of 2014, a 15.4 % increase compared to last year. Like-for-like turnover only grew 9 %, a difference which can be explained through the Eaux Minérales de Ribeauville purchase in July 2013. Operating income nearly doubled with an 8.4 million euro increase to 16.2 million euro.

 

Belgian home consumption of natural mineral water grew 7.1 % in value, while volumes went up 8.1 %. Belgian turnover grew 11 % even though Spadel's market share dropped slightly. Dutch consumption grew 10 % in value and 5 % in volume, which led to a 11 % increase in turnover. Dutch market share is considerably higher than the year before, as Spadel's mineral water brands were not for sale in several supermarket chains up until April 2013.

 

French home consumption of mineral water grew 4.5 % in value, 6.9 % in volume, while its market share remained level, despite a 9 % turnover increase. The United Kingdom marked the largest growth: a 16.3 % value growth and a 12.8 % volume growth.

 

Spadel expects full-year results to show a higher recurrent company profit than in 2013, despite an average summer.

Questions or comments? Please feel free to contact the editors


Arket Brussels opens: discover H&M's latest concept

14/09/2017

On Friday 15 September, H&M Group’s new store formula opens its doors on the Guldenvlieslaan in Brussels. The press got a sneak preview and discovered a surprising mixture of fashion, interior design and food. 

Nordstrom opens store without storage

13/09/2017

Fashion chain Nordstrom will open a new store formula in Los Angeles next month. Customers will only be able to get advice and try out clothing. Purchases can be picked up at the store at a later date.

Primark benefits from weaker British economy

12/09/2017

Irish fashion chain Primark takes full advantage of the weak British economy, which prompted its parent company AB Foods to adjust its full-year forecast. The chain will also continue its expansion plans.

Participatiemaatschappij Vlaanderen invests in FNG

11/09/2017

Government investment fund Participatiemaatschappij Vlaanderen (PMV) will invest 15 million euro in fashion group FNG in return for 5 % of its shares. The money will go towards international expansion.

Gap Inc will focus on Old Navy and Athleta

08/09/2017

American fashion company Gap will alter its internal strategy and turn its attention to Old Navy and Athleta. Gap and Banana Republic, which both received the most attention up until now, will have to step aside.

Global Fashion Group cuts losses

08/09/2017

Global Fashion Group, the fashion group founded by investment group Kinnevik and Rocket Internet, managed to lower its losses even more in the second quarter. On top of that, turnover grew more than 25 %.

Back to top