Londis sales up and pre-tax profit at E6.1 million in 2007
Good news for Londis retailers as results show sales and profits up, but tough times ahead warns managing director Stephen O'Riordan
10 October 2008 | 0
At the group’s annual conference last month, ADM Londis chief executive Stephen O’Riordan commended the retailers for a strong performance to date, reiterating the pre-tax profit result of €6.1 million for 2007 reported earlier this year, up 20% on the previous year. O’Riordan also updated the 350 plus Londis delegates attending on the progress of the group’s nationwide Texoil-Londis rollout, saying that strategic acquisitions are continuing “at pace” to meet the two-year target set to increase Londis’ presence in the forecourt sector.
The plan aims to expand the group’s forecourt portfolio to over 100 sites, which it hopes will increase annual retail turnover by €50 million. Two Londis-Texoil forecourts have already been established, with plans for five more this year and a further 12 in 2009.
At the conference, group marketing manager Ruth Norton introduced a host of new state-of-the-art store innovations, to be implemented across new and existing stores in 2009. In spite of the myriad good news for Londis, the group is aware that more challenging times lie ahead for its retailers. It hopes that next generation store signage, such as digital and light-box displays, and key category and product innovations, such as its new self-service Juiceberry juices and smoothies, or hot deli ‘omelette melts’, will engage the modern consumer and capture whatever available spend there is in the year to come.
The developments are part of Londis’ integrated “Close to you” brand drive, which features a €750,000 campaign, launched in February.