Annual report 2008
 
 
   
 
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CHAIRMAN AND CEO’S REVIEW  
   
It was clear when writing the 2007 annual report that our business environment was in transition.  
   
However, few predicted the significance of the changes to come and the impact they would have on South African consumers.  
   
Operations  
 
   
Entyce
Market share in the key Five Roses and Freshpak brands increased...
 
 
Revenue was 15,6% higher than in 2007 due to input cost driven price increases across all categories and increased tea and creamer volumes.
 
Snackworx
Packaging for the key Bakers and Pyotts brands was updated during the year...
 
 
Revenue growth of 20,3% for the year reflects higher selling prices achieved as well as volume growth of 4,2%. Price increases were implemented.
 
   
Chilled and frozen convenience brands
There is ongoing focus on improving operating efficiency...
 
 
I&J processes, markets and distributes premium quality, value-added frozen foods in local and international markets.
 
Out of home
The work done this year has put the business into a stronger position...
 
Revenue from Ciro Beverage Solutions (Ciro) was 13,9% higher than last year due to high volume growth in fresh juice and hot chocolate volumes.
 
   
Fashion brands
Successful new product development and launches underpinned the sustained growth...
 
 
Revenue growth of 18,4% for the year is largely the result of higher sales volumes supported by price increases taken in the second half of the year.
 
Financial review
Revenue rose by 13,8% from
R5,9 billion to
R6,7 billion as a result of volume growth...
Revenue was 15,6% higher than in 2007 due to input cost driven price increases across all categories and increased tea and creamer volumes.
 
   
       
 
 
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Freshpak Five Roses
Bakers
Denny
I&J
Ciro
Lethèric Gold Spice
House of Coffees Kate Moss  
Adidas - Fruity Rhythm  
Kurt Geiger  
     
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