RFG sales soar 63.4%
The Retail Food Group reported $210.4 million in revenues for FY2015, from $128.8 million last year.
RFG Chairman Colin Archer noted that, since Listing in June 2006, RFG has consistently demonstrated the strength of its unique business model by meeting ambitious performance targets via strong organic and acquisitive growth.
“Whilst the past 12 months’ were Company defining, and have positioned RFG as the steward of a global business with diverse revenue streams and multiple levers for driving sustainable performance, the magnitude of the Company’s transformation is best demonstrated by the fact that those assets which generated 100% of FY06 earnings, now represent only 12% of the Company’s underlying EBITDA.”
“RFG is now the custodian of a global network population approaching 2,500 franchised outlets, a substantial coffee business with robust operations in the franchise, commercial & contract roasting, ‘in-home’ and speciality coffee segments, and an enhanced organisational capability that underpins a strategic plan to deliver robust positive outcomes for shareholders well into the future”, Archer said.
The group reported that its results were bolstered by multiple strategic acquisitions, increased network population by +1,000 outlets across +40 countries, and a strengthened Board & Executive Management Team.
RFG Managing Director Tony Alford echoed his Chairman’s sentiment that FY15 was indeed a watershed year for the Group, with acquisitions having delivered an additional $19.8m in underlying EBITDA, some $1.5m or 8.2% more than anticipated, via earnings contributions from Café2U, the Gloria Jean’s Coffees Group and Di Bella Coffee, the positive impact of which commenced in September 2014, December 2014 and February 2015 respectively.
“Having undertaken its most ambitious M&A program to date, FY15 has proven to be the most momentous year in the Company’s history, expanding RFG’s geographic footprint and enhancing its growth prospects across key revenue streams of franchise and coffee,” Alford said.
“Each acquisition bolsters RFG’s franchise network whilst having a complementary effect on the Group’s vertically integrated coffee roasting business by increasing the throughput, distribution and sale of coffee to franchised Brand Systems and third party customers.”
The RFG Board also announced a final, fully franked dividend in respect to FY15 of 11.75 cents per share, a 5.7% increase in FY15 full year dividends to 23.25 cents per share.
