Henderson Group reports record financial year
13 April 2017
The Henderson Group reported a record year with an 11% increase of pretax profits to £24m (€28m) in 2016 and a turnover increase by 6% to £699m (€818m) as compared to 2015.
The Henderson Group own and operate 80 Spar and Eurospar stores across Northern Ireland as well as Vivo branded stores.
The company said in a press statement that “an ongoing co-investment strategy with its retail partners to establish a market leading portfolio of supermarket, forecourt and convenience stores has boosted the strong sales performance across all of its brand formats”.
Henderson Foodservice delivered 11% growth on the previous year, performing strongly across all key market channels, with good growth in the Republic of Ireland market.
Sales of the company’s Barista Bar coffee brand also grew by 30% on a like-for-like basis.
“A comprehensive strategic growth and profitability plan which focused on customer service, investing in our people, developing our information systems, maximising our operational efficiency, enhancing our fresh food ranges and in-store proposition, continues to yield results as projected,” said sales and marketing director Patrick Doody.
Chief financial officer, Ron Whitten also commented on the results, saying: “Strong like-for-like growth across all subsidiaries, high retention rates of existing retailers, recruitment of new retailers, coupled with significant investment by the group, directly within our company owned stores as well as with its retail partners, has delivered additional sales of £40m.”
Like-for-like grocery sales grew by 3.5% driven by strong performance of the fresh food categories growing in volume terms by over 8%, increasing footfall and basket spend in its supplied retailer stores.
The company also say a growth in employment of 9% in 2016 with an increase of 270 jobs over 2015.