Burtons Biscuits, whose brands include Jammie Dodgers and Cadburys, has posted its 2012 annual report and accounts. The results show a continuation in growth, leading to an overall 14% growth in EBITDA from 2009.
EBITDA over the 2012 period increased by 24% to £34.6m. This increase is partly due to operational cost savings, as well as strong brand performance during the period.
Net debt has also been reduced to 3.4 times EBITDA, down from 4.9 times. Although an overall increase in EBITDA factored into it, a lowered debt also played a role.
A key strength of the company is its premium biscuits. The 2012 report shows Burtons has a 25% share of this market, with an overall sweet biscuit market share of 9.4%.
Some of the best performing brands include Wagon Wheels, whose Russian expansion has seen a large success, and Maryland, whose presence at the top in the UK allows for further European expansion.
Despite the results, CEO Ben Clarke admits: “We expect the economic outlook to remain challenging in 2013, with little sign of the squeeze on consumers’ disposable incomes easing. However, we have shown since 2009 that with the team and the business plan we have in place, Burton’s can prosper in challenging conditions.”
EBITDA over the 2012 period increased by 24% to £34.6m. This increase is partly due to operational cost savings, as well as strong brand performance during the period.
Net debt has also been reduced to 3.4 times EBITDA, down from 4.9 times. Although an overall increase in EBITDA factored into it, a lowered debt also played a role.
A key strength of the company is its premium biscuits. The 2012 report shows Burtons has a 25% share of this market, with an overall sweet biscuit market share of 9.4%.
Some of the best performing brands include Wagon Wheels, whose Russian expansion has seen a large success, and Maryland, whose presence at the top in the UK allows for further European expansion.
Despite the results, CEO Ben Clarke admits: “We expect the economic outlook to remain challenging in 2013, with little sign of the squeeze on consumers’ disposable incomes easing. However, we have shown since 2009 that with the team and the business plan we have in place, Burton’s can prosper in challenging conditions.”
