Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Cadbury Schweppes Good Half-Year Performance

2 August 2006

Australia And New Zealand Contribute To Cadbury Schweppes Good Half-Year Performance

(For the 6 months ended 30 June 2006)

Group highlights

• Group Sales increased by 4% driven by innovation and emerging markets

• Accelerating confectionery growth at 3.4%: Trident +31% and Cadbury Dairy Milk +7% globally

• Continuing good beverage growth at 4.3%

(Except where stated all movements are at constant exchange rates and are on a 6 month comparative basis.)

Australia and New Zealand Highlights

Confectionery growth driven by innovation:

• The Natural Confectionery Company (TNCC) brand continues to grow strongly in Australia and New Zealand, driven by strong consumer appeal and innovation success, such as the recent launch of TNCC Fruit Chews in Australia

• The re-launch of the Pascall brand, which has driven double digit sales growth in Australia and New Zealand

• Focussed attention in the premium and dark chocolate sectors of the market, which is providing strong growth opportunities. In April, Cadbury Schweppes relaunched the Old Gold dark chocolate brand and added a 70% cocoa variant. As a result, the brand grew 36% in Australia and by over 80% in New Zealand

• In July, a new premium chocolate range was launched under the Cadbury Eden brand, positioning the business to tap into this fast growing segment of the market

• Cadbury voted most trusted brand in Australia and New Zealand for the third consecutive year (Source: Reader’s Digest Trust Survey 2006)

Beverages growth continues to be driven by the major brands:

• Beverages business in Australia grew by 4.5%

• Spring Valley sales grew by 8.4%, driven by a strong relaunch including a packaging upgrade, new variants such as Ice Tea and advertising support underpinning the core message “No artificial colours, flavours & no preservatives”

• The Cottee’s Cordial brand grew 7%, supported by an integrated media campaign

• Gatorade and Red Bull continue to record double digit sales growth

• Beverage innovation continues with the upcoming launch of the new Schweppes classic design packaging for the premium adult Schweppes mixer and mineral water ranges.

• Schweppes voted most trusted soft drink brand in the Australian soft drink market for the third consecutive year (Source: Reader’s Digest Trust Survey 2006)

Mark Smith, Managing Director, Cadbury Schweppes Australia & New Zealand, said:

“The first half of 2006 has seen good growth across both confectionery and beverages in ANZ. This growth has been assisted by a focus on core brands and innovation.

Our second half innovation program continues to build momentum with the exciting launch of Cadbury Eden into the premium chocolate segment; and the upcoming launch of the new classic design packaging for the Schweppes premium adult carbonated beverages range.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news