Londis reports strong results
Stephen O’Riordan, CEO, ADM Londis, has said rising profits at the group, "reflect very positively the competitive edge secured for Londis retailers in 2011”
Print13 June 2012
ADM Londis plc reported a 37% growth in pre tax profits and a dividend payout to shareholders of €0.25 per share for 2011. Profits before tax increased to €1.5m on wholesale sales of €220m for the same period. Like for like wholesale sales performed within 2% of 2010 levels.
Commenting on the performance, Stephen O’Riordan, CEO, ADM Londis, said: “Core to the group’s strategy in 2011 was an ongoing commitment to provide high levels of pricing and promotional support to group retailers. This commitment was reflected in the excellent organic performance of Londis retailers who enjoyed strong momentum as the year progressed, outperforming the convenience market during the crucial three month Christmas shopping period. This reflects very positively the competitive edge secured for Londis retailers in 2011.”
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