Conviviality revenues rise 211% following acquisitions

Claire Dodd

Claire Dodd

01 November 2016

Wholesaler and distributor Conviviality has announced a group revenue increase of 211% on last year's figures following its purchase of Matthew Clark, Peppermint and Bibendum PLB.

The company said the results, which covered trading in the 26 weeks to 30 October 2016, were in line with market expectations, and that it was ahead of its plan to integrate its new businesses.

Diana Hunter, chief executive officer of Conviviality, said: 'I am pleased that the Group has delivered this strong performance across all divisions during such a transformational period.

'This further demonstrates the teamwork and dedication of all of our people in maintaining excellent levels of service to their customers. The organic growth in each business unit demonstrates that existing and new customers are increasingly recognising Conviviality as the leading solution provider and distributor to the UK drinks market.'

Since the acquisitions (Matthew Clark on 7 October 2015, Peppermint on 31 December 2015 and Bibendum PLB Group on 20 May 2016), Conviviality has been organised into three business units. Conviviality Direct, is the 'UK’s largest independent wholesaler' to the on-trade serving 23,000 outlets from hotel chains to independent food-led pubs and restaurants.

Conviviality Retail is the 'UK's largest franchised off licence and convenience chain' with 358 franchisees and more than 700 retail stores trading primarily under the Bargain Booze, Bargain Booze Select Convenience and Wine Rack brands. And Conviviality Trading is a full service brand and wine agency serving festivals and events.

While Group unaudited revenues for the period were 211% ahead of last year at £783m, Conviviality Direct sales are up 5.2% at £515m, Conviviality Retail sales are up 2.5% at £189m and Conviviality Trading sales are up 5.1% at £79m.

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