Bottler Refresco's Q1 Revenue Boost Offset By Acquisition Costs
Dutch-based drink-bottling group Refresco produced 2,273 million litres and posted a quarterly revenue of €774 million in Q1 2018 – a 47.7% increase year on year.
Gross profit margin by litre was €0.144 – a slight increase on the same period in 2017 (€0.141). Its adjusted EBITDA was €44 million – a 15.9% increase on the previous year.
The company noted in a release, 'Gross profit margin per litre was better than expected, reflecting our decision to decline low-margin contracts in the retailer brand market in Europe and mix effects within the geographies.'
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