Froneri plans further growth off back of hot summer 2018

Generating a lead in the global ice cream market, has put Froneri in a powerful position to exploit opportunities and grow sales from key brands, the number one producer of private label ice cream said in its latest annual statement.

Formed as a result of a merger between R&R Ice Cream and part of the ice cream and frozen food businesses of Nestlé, Froneri said post-merger integration is ahead of plan with the added benefit of cost synergies from better procurement and general overhead savings.

Results show revenue for the Group of organic growth of 3.58% (year-on-year), with the Group’s global A Brands. The very good summer weather across Q2 2018 helped to increase market volumes across Europe, benefiting the European businesses. Froneri has also benefited from the launch of A Brands into new markets, such as the launch of Extrême in the UK market and Oreo in Russia and Egypt.

On 14 January 2019 the Group announced the closure of a factory in Bulgaria.

The Group plans to invest in Froneri’s key brands, as well as private label. It added it intends to drive market growth through the introduction of new products with innovative flavours and inclusion combinations, and expansion of the product range across branded and private label.