RFG shows increased revenue, gross debt in 1H15 report
The Retail Food Group's (RFG) has released its 1H15 results and the numbers look generally good for the multi-brand coffee & food franchising group.
RFG reported a 1H15 revenue of $97.4m. It's a 24.7% increase on PCP from the first half of 2014. Their underlying revenue stood at $78m for the same time period--a 20.7% increase on PCP.
Overall, the Group's Enterprise Value has exceeded $1bn.
RFG credited the increase in its revenue to "positive EBITDA contributions from 1H15 acquisitions, organic new outlet growth and increased per outlet contributions from traditional Brand Systems, and scale benefits realised in the coffee roasting activities."
On the other hand, the Group reported an increase in debt but has been attributed primarily to the acquisition of Gloria Jean's and Café2U.
RFG hopes to continue its pursuit of "key organic growth platforms of its Brand Systems, advancing the Coffee & Allied Beverages strategy, and focus on integration and restructuring activities subsequent to the most recent acquisitions, including Di Bella Coffee, which settled subsequent to period end."
RFG is Australia’s largest owner, developer and manager of retail food franchise systems, with a network of some 2450 outlets spanning 46 global territories across 11 Brand Systems. They include brands such as Pizza Capers, Donut King and most recently, Gloria Jean's and It's A Grind Coffee House.
