Spadel increases profit 30 %

Spadel increases profit 30 %

Bottled drinks group, Spadel, managed a 6.1 % sales increase in 2013, to 210.4 million euro. That resulted in an 11.775 million euro net profit, 32 % higher than in 2012, with Belgium and France as performing markets.

Still 2.9 % increase, even without Carola purchase

In the second half of 2013, Spadel added Carola, a French regional brand, to its line-up consisting of (among others) Spa, Bru, Wattwiller and Brecon Carreg, but even without this acquisition, the turnover growth would still be 2.9 %.

 

Belgian turnover grew more than 5 % in 2013, thanks to additional sales and a more beneficial product mix, with excellent performances of the 33 cl, 50 cl and 1 l sizes. Per litre, these sizes are more expensive than the larger bottles.

 

Spadel says it has out-performed than global usage of water at home, which grew in 2.3 % in volume and 3.3 % in worth last year. That was despite strong competition from private brands and hard discounters, according to Spadel.

 

Dutch sales back on the rise

Wattwiller's turnover grew 2.5 % in France, above the average market growth. That market managed a slight volume growth, but had to take a small value hit because of the promotional pressure. Carola, a brand Spadel obtained through the purchase of Eaux Minérales de Ribeauvillé, had a 2 % full-year turnover increase.

 

The Netherlands have long been a difficult market for Spadel, but it has managed a 1 % turnover increase last year with sales volume steadily returning to their old levels. It sales numbers had suffered after some of its brands were temporarily not available at important supermarkets. Nevertheless, it is still facing strong competition from cheaper brands.

 

Brecon Carreg has almost managed a 10 % turnover increase in the United Kingdom, mostly thanks to excellent weather conditions.

 

Spadel plans to invest even more into its brands in the upcoming months, with more attention for Carola, while it wishes to keep costs under control elsewhere.

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