Tag Archives: Cadbury

Year ends with loss for Cadbury Nigeria

Cadbury Nigeria Plc, the Bournvita maker on Tuesday reported its full year results for the 2016 financial year, ending the year with a net loss of N296m, compared to N1.2bn profit in 2015.

The company which has been experiencing declining sales and low profitability in the last few years said that revenue grew 8% in the year ended to nearly N30bn. In 2015, the company recorded N28bn in sales. The sales growth in addition to a tax credit of N266m helped narrow the company’s losses from N842m in the 9-months to December.

Cadbury Nigeria appoints new Managing Director

Cadbury Nigeria Plc, announced on Tuesday the appointment of Mr. Muhammad Amir Shamsi as its new Managing Director effective 1 February 2017. Mr. Shamsi takes over from Mr. Roy Naaman who resigned effective 31st January 2017.

Mr. Shamsi joined Mondelez International, the parent company of Cadbury Nigeria Plc, as a Marketing Director of its biscuit business in Pakistan in June 2009. From there, he moved up the ranks to become Head of New Categories, Gum & Candy at Kraft Foods, a Mondelez business in West Africa from 2012 to 2013. He became the Marketing Director of Kraft Foods in West Africa from October 2013 to March 2016. From April 2016 to January 2017, he was in charge of Mondelez Innovation kids Wholesome, Global Biscuits in East Hanover, USA.

Fourth Quarter will be just as tough for Nigerian Consumer Firms – Analysts

Some of Nigeria’s biggest companies suffered losses in the third quarter as the naira continued to depreciate against major world currencies and with inflation spiking to 18.3% as of October, amid a drop in consumer spending and foreign currency scarcity.

Cadbury Nigeria posts 9-months loss of N842m

Cadbury Nigeria Plc, said on Thursday it recorded a net loss of N842m in the first nine months of 2016 ending 30 September. In the same period in 2015, the company made N29m in profit.

The maker of Bournvita has come under pressure on multiple fronts in a slowing economy that has seen inflation spike to 17.9% as of September, made worse by the June 20 naira devaluation which has made borrowing costs more expensive, reflected in higher cost of goods sold. And as with most FMCG companies in the country, obtaining foreign exchange to buy needed raw materials continues to pose a challenge. Compounding the problem for the firm is a weakened consumer purchasing power and competition from rivals in the market. The losses reached N1bn in the third quarter (July – September).

Mondelez backs out of bid to acquire Hershey

Mondelez International, Inc, the US-based global beverage and confectionery behemoth behind such names as Cadbury, among others said on Monday it was backing out of a $23bn bid to acquire US chocolate candy maker Hershey.

Cadbury Nigeria Half-Year revenue fall 1.6% on headwinds, competitive pressure

Cadbury Nigeria Plc, said on Wednesday that revenue for the six months ending in June 30, 2016 fell by 1.6% to N13.9bn, from N14.1bn in the same period a year ago.

While revenue was off by 1.6%, the maker of Bournvita posted a healthy profit after tax of N147m for the period, a 159% increase from 2015.

Cadbury Nigeria’s Q1 revenue rise 6%

bournvita

Cadbury Nigeria Plc, makers of Bournvita, said revenue for the first quarter (Q1 2016) rose 6% to N7.1bn, from N6.7bn a year earlier.

Cadbury Nigeria unveils new Bournvita

Cadbury Nigeria has re-launched its flagship breakfast brand, Bournvita amid pomp.

At the unveiling, which took place at its Corporate Headquarters in Alausa, Ikeja Lagos, the Managing Director/CEO of Cadbury Nigeria, Mr. Roy Naaman, said that the new Bournvita has improved nutritional content, which is good for Nigerians.

Bournvita, Indomie Partner in National Consumer Promo Campaign

One of the most innovative and rewarding brand partnerships in recent times, leading beverage brand, Bournvita, from the stables of renowned beverage maker, Cadbury Nigeria Plc, has partnered foremost noodles brand, Indomie, for the Bournvita Celebration Campaign.

The partnership aligns with Bournvita’s commitment to provide consumers with more value and nutrition.

Cadbury inaugurates new N10bn factory

Cadbury Nigeria Plc, makers of Bournvita among other beverage products, on Friday, 16 October 2015, commissioned a new manufacturing plant at its Agidingbi, Ikeja site in Lagos.

The new ultra-modern production plant was commissioned by the Governor of Lagos State, Akinwunmi Ambode.

The new factory would enable the company raise its capacity by nearly 37 percent to meet rising demand for its food-drink and Bournvita.