Solid Revenue Growth at Froneri as Significant Investment Programme Continues
Froneri, the international ice-cream manufacturer, has reported solid group revenue growth of 3.6% to €2.6 billion for year ended 31 December 2018. Created in 2016 as a joint-venture between PAI Partners and Nestlé, Froneri is the second largest manufacturer of ice cream in Europe, the third largest worldwide and the number one private label producer worldwide. Present in more than 20 countries, the company employs more than 10,000 people worldwide.
With the post-merger integration largely complete, Froneri is continuing to invest significantly in innovation and enhancing its capability. The ice cream group spent €193.7 million during 2018 – up from €105.4 million in 2017 – in order to optimise performance by introducing the latest technologies available in the international market with twelve new lines established.
The group also continues to leverage its international scale by launching A Brands into new markets. Mondelēz is now available in 17 countries and Extrȇme has been rolled-out to the UK and Spain. Froneri has also benefited from the successful rejuvenation of popular local brands, for example the relaunch of Mövenpick in Germany.
Ibrahim Najafi, chief executive of Froneri.
Ibrahim Najafi, chief executive of Froneri, comments: “Since our creation in 2016 we’ve worked hard to bring the Froneri family together into one winning team dedicated to producing consistently high-quality ice cream in all our markets. I’m immensely proud of our culture where we all understand what excellence looks like, and the significant progress we have made towards achieving our vision of building the world’s best ice cream company.
“In the last year we have been strengthening the fundamentals we have in place and we’ve been winning market share. Our employees are central to this success. Our ‘glocal’ approach empowers our people to make decisions centred around our values and culture. We have actively worked towards leveraging and applying best practice from each country – building deep ice cream knowledge to embed the Froneri Way of Working.”
The positive momentum has continued into 2019, with the launch of Nuii supported by international advertising campaigns, the further optimisation of the business and a number of significant strategic developments including the acquisition of New Zealand’s Tip Top.
“We have a very bright future ahead and continue at pace on our journey to become the world’s best ice cream company,” he adds.
