Retail Food Group Posts Record Profits & Announces New Acquisition
August 24 2016 - 10:28PM
Business Wire
Global multi-brand retail food franchisor Retail Food Group
(RFG) has today celebrated its tenth year on the Australian
Securities Exchange (ASX) by posting record profit and announcing a
new transformational acquisition.
The Company announced its full year accounts to 30 June 2016,
achieving record underlying Net Profit After Tax of $66.4m, a 20.5%
increase on the previous period, and the product of record FY16
EBITDA of $110.2m, an increase of 24% on FY15.
RFG Managing Director Andre Nell said the Company’s exceptional
performance was driven by the Group’s increasingly diverse and
global business.
“RFG’s franchise operations continue to flourish with 258 new
outlets commissioned across the globe during FY16, including 112 in
Australia, 69 in Asia and 41 in Europe, our three highest growth
regions,” said Mr. Nell.
“Gloria Jean’s Coffees continues to be our major international
system and a new license has been granted to take the Donut King
brand into the Middle East.”
Well known for achieving growth via strategic M&A programs,
RFG has grown from a fledgling Australian franchisor operating
solely in the franchising sector to a global enterprise valued at
over $1 billion with interests in retail food franchising, coffee
and allied beverage manufacturing and global brand licencing.
Mr. Nell said the RFG’s entry into a Share Purchase Agreement to
acquire Australian food service and manufacturing business Hudson
Pacific Corporation marked the Group’s natural progression into a
full service food and beverage company.
“The acquisition provides RFG immediate expertise and scale in
food service, dairy processing and bakery manufacture, offering
benefits for both franchisees and wholesale customers through an
enhanced procurement, manufacturing and distribution offering,” he
said.
About Retail Food Group Limited:
RFG owns the Donut King, Brumby’s Bakery, Michel’s Patisserie,
bb’s Café, Esquires, Gloria Jean’s Coffees, It’s A Grind, The
Coffee Guy, Café2U, Pizza Capers Gourmet Kitchen and Crust Gourmet
Pizza Bar franchise systems. In addition, the Company is a
significant wholesale coffee roaster supplying existing Brand
Systems and third party accounts under the Di Bella Coffee,
Evolution Coffee Roasters Group and Roasting Australia coffee
manufacturing brands.
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For further information, interviews or images contact:RFGAmy
Smith, +61 400 137 704Corporate Communications
Manageramy.smith@rfg.com.au
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