Annual Report 2017

‘2017 was strategically a very good year for Refresco and at the same time financially challenging.’
Hans Roelofs,
Chief Executive Officer

Achievements and results in 2017

  • Contract manufacturing continued to grow across most geographies driven by greater emphasis on innovation and the ability to handle complex solutions
  • Gross profit margin per liter was better than expected reflecting our decision to decline low margin contracts in the retailer brand market, mainly in Germany and Iberia
  • Net profit down due to lower overall volumes, higher than expected ramp up cost of new lines and one-off acquisition and restructuring costs

Refresco at a glance – Highlights

* Gross profit margin per liter, adjusted EBITDA and ROCE are not measures of our financial performance under IFRS, see more information in the Glossary and forward looking statements. Reconciliation of operating profit to adjusted EBITDA is presented in the Financial performance 2017.

Who we are, what we do

We are an independent bottler of beverages for retailers and A-brands in Europe and North America.

At the end of 2017 our production platform covered 27 manufacturing sites in Europe and 3 manufacturing sites in the US providing customers with close proximity and reliable service across geographies. Our global supply chain expertise and local innovation capabilities offer an almost unlimited variety of soft drinks, fruit juices and other beverages, manufactured to individual customer speci­fications and requirements.

Our customers benefit from

  • A unique production platform in Europe and North America
  • Access to a complete product and packaging mix
  • Global supply chain expertise and local innovation capabilities

Strong growth

Europe and North America — two platforms for growth

Accelerating innovation

Cott bottling facilities
Refresco bottling facilities


Our drinks on every table

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