Henderson Group announces record financial year

The Henderson Group, owners of the SPAR, EUROSPAR and VIVO brands in Northern Ireland, has announced record levels of sales, investment and jobs growth in the year ending 31st December 2016.

Ron Whitten, Chief Financial Officer and Patrick Doody, Sales & Marketing Director, Henderson Group, announced the annual results during the company’s Wholesale Conference in Seville, Spain at the weekend, attended by over 250 of its retailers, suppliers and staff.

Turnover has increased by 6% to £699.3m as compared to 2015, despite the competitive pressures within the grocery and foodservice sectors. Profit on ordinary activities after interest, before taxation was £23.87m, an increase of 10.9%.

In 2016, employment levels rose to 3099, an increase of 270 new jobs on 2015. Like for like grocery sales growth of 3.5% was recorded, driven by strong performance of the fresh food categories growing in volume terms by over 8%, increasing footfall and basket spend in its supplied retailer stores. In addition, retention of existing retailers and recruitment of new retailers to its symbol brands were both key to the success in 2016.

The company said that an ongoing coinvestment strategy with its retail partners to establish a market leading portfolio of supermarket, forecourt and convenience stores has boosted the strong sales performance across all its brand formats. In addition, fuel volumes in Henderson Retail Ltd (company owned stores) grew by 8.6% on a like for like basis, driving increasing footfall to the stores.

Henderson Foodservice delivered 11% growth on the previous year, performing strongly across all key market channels, with good growth in the Republic of Ireland market.The Company’s Barista Bar coffee brand, which is now available in 260 in SPAR, EUROSPAR and VIVO stores had an exceptional year with sales up by 30% on a like-for-like basis.