4 - Refresco.de
4 - Refresco.de 4 - Refresco.de
Market review 2009 “Retailers need to strike a balance between their credibility in Grievink adds: “The ‘value’ type will grow especially because more varieties will be introduced.” Schreijen: “The growth currently found in value private label is notably due to the recession. Retailers are expanding their SKUs and consumers are getting more price conscious. Grievink: “When the economy recovers, strong growth will be seen in the rather small third type of private label: premium, because people can then afford more luxury.” De Jong adds: “Here lies a huge opportunity for retailers. They can define target groups, formulate a theme that addresses what is going on in society and they can grow distinct segments, e.g. for the elderly, or halal food, or organic. This will benefit them because they can adapt it to suit almost all categories. Not even the biggest A-brand manufacturer has so many categories at his disposal. Retailers are thus building consumer loyalty and are in fact trading up consumers. When A-brands perform less, growth can also be seen in the standard ‘me too’ type.” Schreijen: “On the private label supplier side too there is still room for improvement in terms of efficiency and consolidation. When you look at the margarine market, for instance, it is considered a mature market; a few big suppliers cover Europe without much overlap.” What are the biggest challenges for A-brands? Grievink: “A-brands should be aware of becoming a commodity, easy to copy and very mainstream. It is expected that in the coming years about 25% of the A-brands will be in danger of disappearing. At the same time, retailers are uplifting stores into brands. They are transforming from being simply distributors into concepts, representing lifestyles, adding emotional value to their product. The need to stand out is growing, showing growth in private label type three ‘premium’. De Jong: “The biggest challenge for A-brands will be: how to deal with private label after the recession. The past few years have shown that after a period of economic downturn, customer loyalty to private label products remains. The majority of consumers who choose private label will not go back to choosing A-brands when times get better.” What should A-brands do to compete with private label? Grievink: “Innovate & differentiate. We now see the incremental value of some A-brands disappearing. The only A-brands that will survive are the ones that grow into ‘superbrands’, meaning those brands substantially better regarding product specifications (functionally) and regarding brand experience (emotionally). Innovation should not only be taking place in product, but all along the production chain, from product, packaging, consumer experience to distribution channels etc. The focus should be on differentiation from other (private label) products by promoting the quality and the emotional added value. What A-brands absolutely need to avoid is solely price promotion.” De Jong: “I agree. In these tough times A-brands should heavily invest in promotions in order to support their brands. Advertising costs are now significantly lower because of the economic situation and the urge is there to keep the consumer’s loyalty. The current high advertising budgets spent by the major brands in the UK show that A-brand manufacturers see the importance of this.”
A-brands and private label to keep the eyes of the consumer” Jan-Willem Grievink, FCI PRIvATE lABEl SHARE By COuNTRy IN NON-AlCOHOlIC BEvERAGES Volume shares Change 2008 2009 UK 27.4% 26.4% -1.o% Germany 38.4% 41.6% 3.2% Belgium 35.5% 33.5% -2.o% Spain 13.9% 15.1% 1.2% Portugal 12.6% 14.2% 1.6% France 29.1% 30.1% 1.o% Netherlands 34.o% 35.o% 1.o% Finland 9.5% 9.5% 0.o% Sweden 19.6% 19.4% -0.2% Poland 16.8% 18.5% 1.7% Czech republic 23.6% 24.4% 0.8% Slovakia 21.8% 22% 0.2% Switzerland 30.8% 31.6% 0.8% Source: Canadean page _ 50 / 51
- Page 1 and 2: 2009 annual report
- Page 3 and 4: 2009 annual report
- Page 5 and 6: Contents Highlights 2009 6 Refresco
- Page 7 and 8: 2009 Our strategic achievements Str
- Page 9 and 10: Refresco at a glance
- Page 11 and 12: Our locations in europe 1 The Nethe
- Page 13 and 14: 606,001 Acquisition of Refresco by
- Page 15 and 16: ecome Europe’s No. 1 manufacturer
- Page 17 and 18: Strategic development Since its fou
- Page 19 and 20: To expand our juice business in Spa
- Page 21 and 22: 2009 revenue A focused, well-balanc
- Page 23 and 24: Risks related to price fluctuations
- Page 25 and 26: page _ 24 / 25
- Page 27 and 28: Supervisory Board The Supervisory B
- Page 29 and 30: Composition of the Supervisory Boar
- Page 31 and 32: to the British Retail Consortium (B
- Page 33 and 34: “In 2009 Refresco business units
- Page 35 and 36: “We have a continuous search for
- Page 37 and 38: in liters increased by 8% to 3.4 bi
- Page 39 and 40: high quality and on an ambitious gr
- Page 41 and 42: of its customers, no matter what co
- Page 43 and 44: 160.000 140.000 120.000 100.000 80.
- Page 45 and 46: These trends create constant demand
- Page 47 and 48: The surrounding countries, Germany
- Page 49: for retailers developing private la
- Page 53 and 54: manufacturers taking up product dev
- Page 55 and 56: is in driving ‘values’ as well
- Page 57 and 58: How do you see the future for priva
- Page 59: enabling consumers to acquire quali
- Page 62 and 63: financial review 2009 Business is n
- Page 64 and 65: Financial review 2009 Consolidated
- Page 66 and 67: Financial review 2009 Consolidated
- Page 68 and 69: Financial review 2009 Consolidated
- Page 70 and 71: Financial review 2009 Transactions
- Page 72 and 73: Financial review 2009 2.6 Intangibl
- Page 74 and 75: Financial review 2009 to the Group,
- Page 76 and 77: Financial review 2009 if there is a
- Page 78 and 79: Financial review 2009 concentration
- Page 80 and 81: Financial review 2009 EUR’000 DEP
- Page 82 and 83: Financial review 2009 4.2 Intangibl
- Page 84 and 85: Financial review 2009 4.3 Other inv
- Page 86 and 87: Financial review 2009 Tax losses ca
- Page 88 and 89: Financial review 2009 Non-current l
- Page 90 and 91: Financial review 2009 4.11 Employee
- Page 92 and 93: Financial review 2009 Expenses reco
- Page 94 and 95: Financial review 2009 5 Notes to th
- Page 96 and 97: Financial review 2009 5.6 Finance i
- Page 98 and 99: Financial review 2009 The major ite
A-brands and private label to keep<br />
the eyes of the consumer” Jan-Willem Grievink, FCI<br />
PRIvATE lABEl SHARE By COuNTRy IN NON-AlCOHOlIC BEvERAGES<br />
Volume<br />
shares Change<br />
2008 2009<br />
UK 27.4% 26.4% -1.o%<br />
Germany 38.4% 41.6% 3.2%<br />
Belgium 35.5% 33.5% -2.o%<br />
Spain 13.9% 15.1% 1.2%<br />
Portugal 12.6% 14.2% 1.6%<br />
France 29.1% 30.1% 1.o%<br />
Netherlands 34.o% 35.o% 1.o%<br />
Finland 9.5% 9.5% 0.o%<br />
Swe<strong>de</strong>n 19.6% 19.4% -0.2%<br />
Poland 16.8% 18.5% 1.7%<br />
Czech<br />
republic 23.6% 24.4% 0.8%<br />
Slovakia 21.8% 22% 0.2%<br />
Switzerland 30.8% 31.6% 0.8%<br />
Source: Cana<strong>de</strong>an<br />
page _ 50 / 51