Froneri: solid revenue growth, significant investment programme continues

Froneri, an international fast-growth ice-cream company, today announced its annual results for year ended 31 December 2018. Solid Group revenue growth was up 3.6% to € 2.6 bn (2017: € 2.5 bn).
According to the company, Global A Brands revenue was up 17.9% driven by successful marketing and promotional investment. Private label revenue was up 13.7% supported in part by hot summer weather in Q2 2018. The company reports about a significant investment in innovation and capability at € 193.7 m (2017: € 105.4 m) and an optimised performance by introducing the latest technologies available in the international market with 12 new lines established.

Commenting on the annual results, Froneri CEO Ibrahim Najafi said: “Since our creation in 2016 we’ve worked hard to bring the Froneri family together into one winning team dedicated to producing consistently high-quality ice cream in all our markets. I’m immensely proud of our culture where we all understand what excellence looks like, and the significant progress we have made towards achieving our vision of building the world’s best ice cream company. In the last year we have been strengthening the fundamentals we have in place and we’ve been winning market share. Our employees are central to this success. Our ‘glocal’ approach empowers our people to make decisions centred around our values and culture. We have actively worked towards leveraging and applying best practice from each country – building deep ice cream knowledge to embed the Froneri Way of Working.”

The positive momentum has continued into 2019, with the launch of Nuii supported by international advertising campaigns, the further optimisation of the business and a number of significant strategic developments including the acquisition of New Zealand’s Tip Top. “We have a very bright future ahead and continue at pace on our journey to become the world’s best ice cream company,” concludes Najafi.

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