Cibi e Bevande
Refresco reports strong Q2 2021 results
Press release
Refresco reports strong Q2 2021 results
Rotterdam, the Netherlands – August 5, 2021. Refresco, the world's largest independent bottler for retailers and A-brands in Europe and North America, publishes the second quarter and half-year 2021 results of Refresco Group B.V.
Q2 2021 Highlights
Half-year 2021 Highlights
Key figures
CEO Refresco, Hans Roelofs commented:
"We are pleased to report a strong performance in the second quarter of 2021. We have been able to accelerate our growth in volume and profitability this quarter, ending the first six months of 2021 with good results. We have strengthened the business organically by growing along with our customers, specifically in Contract Manufacturing. As we move into the second half of the year, we are facing increasing cost pressure on commodities and transportation, with higher inflation levels across all regions in which we operate.
On July 8, 2021, we announced the acquisition of HANSA-HEEMANN, a major German mineral water and CSD company. This acquisition will allow us to further improve our operational excellence, diversify our business and product offering, and will enable us to offer nationwide coverage to German retailers. With its five production sites spread across Germany, this acquisition is highly complementary. We look forward to welcoming HANSA-HEEMANN to Refresco, pending regulatory approval.
On August 2, 2021, we closed the acquisition of SEBB with one production site in Dade City, Florida, US. The acquisition expands our incubation capabilities for Contract Manufacturing customers looking for flexibility as they launch new, complex and innovative products. As their need for production capacity increases, customers will be able to leverage our existing footprint across North America.
On August 3, 2021, we announced that we have entered into an agreement with The Coca-Cola Company to acquire three of its production facilities in the United States, pending regulatory approval. The ongoing trend of A-brands outsourcing their production capabilities continues to provide opportunities for us as an independent beverage solution provider. With manufacturing and supply chain being at the heart of our business, the acquisition of three Coca-Cola facilities in the US is another step forward in our growth strategy.
With these strong financial results, our well-balanced customer base across Europe and North America, and our robust M&A approach, we continue to pursue our ambition of Our Drinks On Every Table."
All values are rounded to the nearest million unless otherwise stated.
Net debt as at June 30, 2020 includes €117 million shareholder funding; in Q4 2020, the shareholder loan plus accrued interest have been converted into equity.
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