4 - Refresco.de

2009
Our strategic achievements
Strong autonomous growth in Iberia, UK and Nordics.
A continued rationalization process in Germany.
Reinforced focus on operational excellence: a cost-reduction
program started in 2008 paid off in 2009.
The acquisition of Schiffers Foods in the Netherlands
in April 2009 strengthens our position in the Benelux
market.
Closure of a cooperation agreement with Leche Pascual in
April 2009 leads to expansion of the juice business in Spain.
Increased focus on our supply chain to safeguard the
quality of our products.
Our efforts rewarded
Revenue EBITDA
EUR’000 1,400,000 EUR’000
557,626
2004
606,001
2005
660,139
2006
951,613
1,146,082
2007 2008
1,139,574
2009
1,300,000
1,200,000
1,100,000
1,000,000
900,000
800,000
700,000
600,000
500,000
400,000
300,000
200,000
100,000
Revenue 2009 .......................................... EUR 1.14 billion
Volume in liters ........................................ 3.4 billion (+8% vs 2008)
Profit ......................................................... EUR 7.7 million
EBITDA ...................................................... EUR 119.6 million
EBITDA ratio ............................................. 10.5%
Net cash from operating activities ........... EUR 94.9 million
Return on capital employed ..................... 19.8%
62,230
2004
64,112
Note: Figures for 2008 have been restated to comply with IFRS. 2004-2007 are reported under Dutch GAAP.
2005
63,889
2006
77,451
109,793
2007 2008
119,590
2009
140,000
130,000
120,000
110,000
100,000
90,000
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
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