DCC Food & Beverage Posts 26% Increase In Profit
Published on May 26 2014 10:23 AM in Uncategorised
(27 May) DCC's Food & Beverage division, which includes the Kelkin, Goodalls and Robert Roberts brands, saw its operating profits rise by 25.9% last year, according to accounts filed for the...
(27 May) DCC's Food & Beverage division, which includes the Kelkin, Goodalls and Robert Roberts brands, saw its operating profits rise by 25.9% last year, according to accounts filed for the year to 31 March.
Revenue at the division increased 7.7% to £186.9 million (up from £173.6 million), with operating profit rising to £7.7 million (£6.1 million the previous year). Operating margin was 4.1%, up from 3.5%.
In a statement, DCC said that the Food & Beverage portfolio saw "growth in each of its major product areas. The Indulgence and Health Foods businesses delivered growth in company owned brands, while also benefitting from the full year effect of some agency wins.
"The Kelkin healthy foods brand achieved good sales growth, especially in gluten free products, and benefitted from increased listings in multiples in Britain."
Along with DCC Environmental, DCC Food & Beverage is one of the smaller divisions within the wider DCC group. Overall, revenue increased 6.2% to £11.23 billion, with operating profit up 11.5% to £208.4 million.
“It is pleasing that, in our 20th year as a listed company, the Group has achieved another strong result, with operating profit growth across each of DCC’s five divisions," said Tommy Breen, DCC chief executive. "Overall Group operating profit was 11.5% ahead of the prior year, driven primarily by strong growth in DCC Technology and DCC Healthcare."
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