Musgrave announces profit of €67.5 million for 2015

ChrisMartin-CEO

Musgrave today announced results for financial year 2015. The Group reported sales of €4.4 billion and profit before tax of €67.5 million, compared to a loss of €9.6 million in 2014. Net cash was €23.4 million at year end. Turnover for continuing business for 2015 was €3.7 billion and profit before tax was €52.8 million.

Commenting, Chris Martin, Musgrave Chief Executive said:
2015 marked a year in which we brought the business back to profit and positioned it on a path to growth. In recent years, against a backdrop of challenging trading conditions, we have invested in our brands and consolidated the Musgrave business as Ireland’s number one food retailer and wholesaler, feeding one in three people.

During 2015, we invested in our SuperValu, Centra and MarketPlace brands which now lead their respective markets and support over 22,000 Irish businesses, generating €7 billion of economic activity annually. We also completed our exit from Great Britain.

This year, as we celebrate 140 years since Thomas and Stuart Musgrave established the business in 1876, we are at an exciting juncture. We are successfully delivering a transformation programme and we are now focused on a growth agenda for the business.”

Business Review

Musgrave is the leading food retailer and wholesaler in Ireland. The business employs over 35,000 people through our retail brands SuperValu, Centra and Daybreak and our wholesale brand MarketPlace.

During the recession we invested significantly in our brands which now occupy the number one position in Ireland in each of their respective markets. We have stayed ahead of the consumer by delivering value, great quality, healthy and inspiring food and by leveraging technology to make our brands more accessible and relevant. Our unique model of partnership with local retail entrepreneurs and support for Irish suppliers and local communities continues to differentiate our business from the multiples and discounters.

In 2015, SuperValu underlined its position as Ireland’s market leading retailer with 221 stores and retail sales of €2.6 billion. SuperValu will invest €28 million in 2016, opening five new stores and adding 350 jobs to the SuperValu network. In addition, the Food Academy programme, delivered in partnership with Bord Bia and the Local Enterprise Office network has created opportunities for 250 small food businesses in Ireland, with sales of Food Academy products in SuperValu in 2015 alone, reaching €13 million.

Centra recorded retail sales of €1.5 billion in 2015, reflecting the brand’s position as Ireland’s number one convenience retailer. Centra will open 16 new stores this year, adding 480 jobs to the Centra network, as part of a €16 million investment programme.

We continued to develop our MarketPlace brand which leads the wholesale and foodservice market across the island of Ireland. This business has been strengthened by our acquisition of Allied Foods and C.J. O’Loughlin Quality Foods in 2015.

In Northern Ireland, we brought together our retail and wholesale operations. Following this reorganization, our brands in Northern Ireland – Centra, SuperValu, Mace and MarketPlace – are performing well, with our concept stores showing good progress.

After several years of difficult trading conditions, the Spanish market is improving. Our brand work to strengthen the Dialsur and Dialprix offer and investment in the development of concept stores, has helped to deliver a better performance in a recovering Spanish economy.

Outlook

Although the Irish economy continues to improve, the outlook remains uncertain primarily due to external factors. The economy is vulnerable to potential impacts such as the uncertainty surrounding the referendum on continued membership of the European Union in the United Kingdom and economic adjustment in some emerging market economies that could push the global economy towards recession. In addition to this, the Irish grocery market remains challenging with growing competition.

We are focused on consolidating our leadership position by growing market share and all of our brands in Ireland have had a positive start to 2016 performing ahead of the market. We are making good inroads in Dublin with shoppers responding to our offer, which is providing choice based on value, local, quality and inspiring food.

We continue to invest in building profitable omni-channel brands, where our stores become destinations and our digital capability allows a new generation of millennial shoppers to access our brands at a time and place that suits them. We are also responding to consumers concerns around well-being and the priority for all of our brands is to make healthier choices more affordable and easier.

Over our 140 year history, innovation and change have been core to the success of Musgrave and, as we open the next chapter in our history, we have an ambitious agenda to grow our brands at pace.

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Global Design Awards success for SuperValu and Centra

ARE design Awards logoWe’re absolutely over the moon to announce that we scooped not one, but two, prestigious A.R.E. Design awards at GlobalShop 2016, the world’s largest annual retail design show recently hosted in Las Vegas. The A.R.E. Design Awards are the USA’s largest and most prestigious store design awards, recognising the very best in international retail design, so we were up against some serious contenders on the global stage.

We’re extremely proud of our new store concepts for SuperValu and Centra, which both won Gold A.R.E. Design awards. SuperValu’s Blackrock took Best Supermarket and Centra O’Connell Street in Limerick won Best Convenience Store.

The SuperValu and Centra projects complemented the conference’s big focus on customer experience design and what it means for retail. The store concepts were acknowledged for responding to the new food trends on the rise, improving the in-store experience and truly differentiating themselves from competitors. Our SuperValu ‘Food Festival’ concept was recognised for celebrating the shared joy of food, with the renewed energy that champions quality, people, local and freshness.

Overall another great success! 

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SuperValu NI invests in local with new ambassador chef partnership

SuperValu NI Sales Director, Nigel Maxwell announces the partnership with top Northern Ireland chef, Noel McMeel as SuperValu NI's Ambassador Chef
Pictured: SuperValu NI Sales Director, Nigel Maxwell announces the partnership with top Northern Ireland chef, Noel McMeel as SuperValu NI’s Ambassador Chef.
SuperValu NI has announced a new partnership with a top Northern Ireland chef as part of a major investment into its local offering. SuperValu NI is rolling out a major upgrade of its 35 stores across Northern Ireland over the next 12 months, which will see a significant increase in its fresh offering in store and a wider range of quality produce to appeal to all customers.

The announcement of Noel McMeel as SuperValu NI’s new Ambassador Chef was made at an event held at Tedfords Kitchen in Belfast to celebrate Northern Ireland’s Year of Food and Drink, attended by tourism officials, media, retailers and stakeholders.

McMeel, who is currently Executive Head Chef at the prestigious five star Lough Erne Resort in Enniskillen, will share his passion for local produce with SuperValu NI customers, promoting its extensive range of fresh, local and quality ingredients and encouraging consumers to shop local.

“SuperValu NI has always been at the heart of the local community, supporting real food and real people. We are currently implementing a major upgrade programme which will be rolled out to all of our 35 stores across Northern Ireland, to offer customers the best in fresh, quality local convenience food,” said Michael McCormack, Managing Director of Musgrave NI. “As part of this investment, we are delighted to partner Noel as he is a passionate ambassador for local produce and wholeheartedly embodies our ethos at SuperValu NI of using simple, local ingredients to produce the best of fresh, quality food,” he added.

Noel McMeel said: “I’m very excited to team up with SuperValu NI and its independent retailers as they represent the heart of the community in Northern Ireland, with their support of local produce, jobs and suppliers. SuperValu NI, like me, is all about keeping it real – real food for real people, so I am delighted to be able to bring my recipes, top tips and cooking twists to homes throughout Northern Ireland,” he added.

SuperValu NI stores, which are owned by independent retailers, currently sell in excess of £105 million of local products annually. 60% of everything sold in the stores is produced or sourced in Northern Ireland and more than 75% of all fresh ranges are sourced locally. 100% of SuperValu’s beef, pork, lamb, milk, cream and eggs are sourced in Northern Ireland which equates to £50m of locally produced fresh foods annually.

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Musgrave MarketPlace & Bord Bia team up to launch Foodservice Programme

Musgrave MarketPlace and Bord Bia team up to launch Foodservice ProgrammeTen Irish food and drink companies have joined the first FoodService Academy, a new programme run by Musgrave MarketPlace and Bord Bia. The FoodService Academy seeks to help small Irish food and drink companies develop their business in the foodservice market and achieve growth within Musgrave MarketPlace’s foodservice business. Following on from the success of Musgrave’s  SuperValu Food Academy programme with Bord Bia and the Local Enterprise Offices, we are now looking forward to bringing a similar programme to Irish foodservice producers through MarketPlace.

The ten companies that have been chosen to participate in this four month programme include:

  • Atlantis Seafood, a family seafood business based in Wexford
  • Blanco Nino, Europe’s only producer of authentic corn tortillas and un-fried tortilla chips made in Tipperary
  • Coffee House Lane, a Waterford family run coffee roaster
  • Lily’s Tea House, blenders of a range of premium, loose leaf teas as well as matcha tea and premium tea pyramids who also based in Waterford
  • Nobó, the dairy free ice-cream producer, which is made without any refined sugar, gums or stabilisers
  • Maria Lucia Bakes, a Dublin producer of gourmet gluten, wheat and dairy free granola cereals
  • Kildare’s Outdoor Oinks, a range of Bord Bia approved pork and bacon products
  • Secret Recipe in Cork is the only producer of halal and gluten free meal solutions to the foodservice industry in Ireland and the UK
  • Tipperary Kitchen, a family run artisan bakery producing a range of handcrafted meringues, dessert sauces and chocolate biscuit cake
  • Wildberry Bakery, an artisan gluten free bakery in Cork

According to Maureen Gahan, Bord Bia’s Foodservice Specialist, “Bord Bia is delighted to work with Musgrave MarketPlace for the first time on the inaugural FoodService Academy, looking to grow the sales of small businesses in the market. The foodservice market is delivering real growth and value for Irish food and drink companies, as is evidenced in our recent industry report. The ‘out of home’ market is now worth €6.37bn and this is forecasted to grow to almost €6.9bn by 2018 so this is an area we are encouraging companies to develop.”

Sheena Forde, Trading Director, Musgrave MarketPlace added that, “As the largest and fastest growing wholesaler in Ireland, we are ideally placed to understand the needs of the foodservice market and, as an Irish family business, we are delighted to work with small Irish manufacturers, many of which are family owned, to give them a head start in the market. The FoodService Academy programme offers a combination of commercial and marketing expertise and will provide invaluable consumer insight for the companies involved. We would like to acknowledge the excellent support of Bord Bia throughout the development of this programme, their shared passion for supporting Irish food business has been evident throughout.”

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Double win for Musgrave Logistics Team at the Seventh Annual Irish Logistics & Transport Awards

Pictured L-R: John O’Dowd (Operations Manager, Fonthill), Mike O’Donovan (DC Manager, Cork), Ray Peelo (DC Manager, Kilcock), Steve Keating (DC Manager, Fonthill), Pat Brett (Logistics & Finance Manager), Mark Hunter (Area Sales Manager, DAF), Eoin Butler (Supply Chain Manager), Tony Harris (Supply Chain Innovation Manager), Eoin Browne (Operations Manager, Fonthill), Diarmuid Behan (Allied Business Manager), Steve Young (National Transport Manager).
Pictured L-R: John O’Dowd (Operations Manager, Fonthill), Mike O’Donovan (DC Manager, Cork), Ray Peelo (DC Manager, Kilcock), Steve Keating (DC Manager, Fonthill), Pat Brett (Logistics & Finance Manager), Mark Hunter (Area Sales Manager, DAF), Eoin Butler (Supply Chain Manager), Tony Harris (Supply Chain Innovation Manager), Eoin Browne (Operations Manager, Fonthill), Diarmuid Behan (Allied Business Manager), Steve Young (National Transport Manager).

Musgrave’s Logistics Team was the proud winner in two categories at the seventh annual Irish Logistics & Transport Awards on 7th April 2016, being awarded both the Logistics & Transport Team of the Year and the Heavey RF Supply Chain Achievement Award for the Allied Logistics Integration.

At the event the cream of Ireland’s logistics and transport industry was recognised and celebrated in front of an audience of close to 500 industry professionals. Hosted by the well-known Irish comedian Colm O’Regan, 21 prestigious trophies were presented to the very best leaders, organisations and teams within the industry following selection by an independent panel of recognised and expert Judges, representing Ireland’s logistics and transport sector.

The awards are one of the highlights of the logistics and transport sector in Ireland and it was another winning occasion for the Musgrave Logistics team who now can add to their awards cabinet.

“I would like to congratulate the Supply Chain team for winning two awards at the Irish Logistics and Transport Awards. It is fitting that the industry chose to recognise the integration of Allied as being the Supply Chain Achievement of the year. I know that winning the title of Logistics and Transport team of the year will be a particular source of pride for the team – an accolade that is well deserved. Finally, I would like to thank the team for their ongoing commitment and the outcomes that they deliver for the business every day“, Luke Hanlon, Supply Chain Director.

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The search is on for Northern Ireland’s SuperMum

The search to find Northern Ireland’s SuperValu SuperMum is back for 2016
The search to find Northern Ireland’s SuperValu SuperMum is back for 2016. TV personality Claire McCollum, Sandra Overend MLA and SuperValu Communications Manager Kate Ferguson were on hand to launch the campaign with help from her one year old twins Mya and Jackson. Finalists are set to be honoured at a prestigious awards ceremony at Parliament Buildings, Stormont on September 28.
For the third year running, SuperValu’s SuperMums campaign will recognise mums from every county in Northern Ireland for their endless dedication to family, friends and communities. The campaign will culminate in a prestigious ceremony in Parliament Buildings, Stormont on 28th September 2016.

According to research conducted by SuperValu to launch the SuperMums campaign, 85% of mums across Northern Ireland have revealed their children’s health is their biggest priority. The survey, which questioned over 200 mums across Northern Ireland on a number of topics, found that many find it difficult to plan meals for their children and are looking for quick and easy meal solutions. It was revealed the majority of mums spend over £100 per month on their children’s eating habits, with priorities of purchasing fresh, quality produce and making healthy choices.

The majority of mums claimed the biggest challenges they faced were achieving a successful work-life balance and finding quality time to spend with their children. Holly Willoughby was voted the most inspirational ‘celebrity’ mum due to her perceived ability to achieve this.

TV personality and mum of two, Claire McCollum, has returned for a third year to help launch the SuperValu SuperMums campaign.

I am delighted to be back for a third year supporting the SuperMums campaign. Each year we meet so many inspirational mums and hear their personal challenges,” said Claire.

This campaign is a wonderful opportunity for women across Northern Ireland to be recognised for the hard work, dedication, love and support they give their family, friends and communities every day and I am really looking forward to seeing the finalists at Stormont in September,” she added.

Kate Ferguson, SuperValu Communications Manager, said: “We are absolutely delighted to see this campaign grow year on year as we launch the SuperValu SuperMums search for 2016 across Northern Ireland.

We can see from our survey that mums are trying to ensure their children eat healthily but being time poor they are looking for convenience. At SuperValu we have an extensive range of fresh, local produce; top quality meats and poultry for mums looking to cook from scratch. We also have a tasty, local range of convenient Fresh for You meals for those days when mums need something a bit quicker,” she added.

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Our 25th year of TidyTowns sponsorship

The 2016 SuperValu TidyTowns competition is now open for entries, and this year marks the 25th anniversary of SuperValu’s sponsorship of the competition. Officially launched by Alan Kelly T. D., Minister for the Environment, Community and Local Government, the competition is a catalyst for voluntary activity and community participation across the country. 

2015 saw record entries to the competition and 2016 will be the competition’s 58th year. The work the generation of volunteers involved in TidyTowns carry out is significant in preserving Ireland’s reputation as a clean and green destination to live in, do business in and to visit. It also gives communities a vehicle to come together to take ownership of their own locality and effect positive change.

In reference to the competition, Alan Kelly, T.D. said “The SuperValu TidyTowns Competition not only brings huge environmental benefits to communities but it also encourages community development. The competition recognises the work of the TidyTowns volunteers, from the planning stage to the completion of projects. Generations of volunteers on TidyTowns committees have been improving the environment in which we live for 58 years and have helped to transform the appearance of our towns and villages and to promote Ireland’s image abroad. The sense of place that develops when communities work together and take ownership of their own surroundings is evident where TidyTowns committees are active.

Speaking at the launch, Des O’Mahony, SuperValu Marketing Manager said “2016 marks a landmark year for SuperValu as it reaches the 25th anniversary of its sponsorship of TidyTowns. This is one of the longest running sponsorships in Ireland and one that we are extremely proud to be associated with down through the years.

We believe in the power and value of helping to build vibrant local communities and TidyTowns is a perfect partnership for SuperValu. With 221 stores nationwide, our retailers are uniquely positioned to work with TidyTowns committees to build sustainable communities that we will be proud to pass on to future generations.

The closing date for receipt of entries for this year’s competitions is 20th May 2016. Entry forms to the SuperValu TidyTowns competition can be obtained from the TidyTowns Unit in the Department of the Environment, Community and Local Government – Phone (096-24309) or by visiting www.tidytowns.ie or www.supervalu.ie. For entry to the Special Competitions please download your entry form at www.tidytowns.ie

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Launch of 2016 SuperValu Tidytowns Competition

The 2016 SuperValu TidyTowns competition is open for entries from today 4th April 2016. This year marks the 25th anniversary of SuperValu’s sponsorship of the competition. Now in its 58th year, the competition is administered by the Department of the Environment, Community and Local Government and is a catalyst for voluntary activity and community participation across the country.

In reference to the competition Minister for the Environment, Community and Local Government, Alan Kelly, T.D. said “The SuperValu TidyTowns Competition not only brings huge environmental benefits to communities but it also encourages community development. The competition recognises the work of the TidyTowns volunteers, from the planning stage to the completion of projects. It gives communities a vehicle to come together to take ownership of their own locality and effect positive change. In 2015 we had a record entry to the competition, I hope this year, as we celebrate the 100th anniversary of the signing of the Proclamation of Independence, that even more communities will enter and enable the continued success of this competition”.

Minister Kelly also mentioned the significance of the work of TidyTowns volunteers in preserving Ireland’s reputation as a clean and green destination to live in, do business in and to visit. “Generations of volunteers on TidyTowns committees have been improving the environment in which we live for 58 years and have helped to transform the appearance of our towns and villages and to promote Ireland’s image abroad. The sense of place that develops when communities work together and take ownership of their own surroundings is evident where TidyTowns committees are active. The Department of the Environment, Community and Local Government has worked in partnership with Volunteer Ireland to grow voluntary effort; their website www.volunteer.ie matches members of the public interested in volunteering with voluntary opportunities in their local area. TidyTowns committees should take advantage of this initiative to seek out new volunteers or voluntary expertise.”

Speaking at the launch, Des O’Mahony, SuperValu Marketing Manager said “2016 marks a landmark year for SuperValu as it reaches the 25th anniversary of its sponsorship of TidyTowns. This is one of the longest running sponsorships in Ireland and one that we are extremely proud to be associated with down through the years.”

“We believe in the power and value of helping to build vibrant local communities and TidyTowns is a perfect partnership for SuperValu. With 221 stores nationwide, our retailers are uniquely positioned to work with TidyTowns committees to build sustainable communities that we will be proud to pass on to future generations.”

“Year on year, there is tremendous work carried out by TidyTowns committees in every town and village in Ireland and this year we are hoping to further celebrate the great work done by each and every volunteer. We live in challenging times, socially and economically, but the SuperValu TidyTowns competition demonstrates the power of people getting together for a common cause and the value it brings to our communities across our country.”

The Minister expressed his appreciation to SuperValu for their continued support in sponsoring the competition. “2016 recognises the 25th anniversary of SuperValu’s support for the competition. They have helped it grow through their sponsorship and by getting involved locally through their nationwide network of retailers. I thank them for all for their continuing efforts to maintain the success of this competition.

In addition to the main competition there are twelve Special Competitions that can be entered. Welcoming these competitions Minister Kelly said “I also thank the sponsors of these competitions for their support over the years.  Some of the sponsors have been loyal to TidyTowns for a few years now, and the appetite for the competitions is still as strong as ever. These awards add to the SuperValu TidyTowns competition and I would like to encourage entrants to consider entering some of them as well as the main competition.”

The closing date for receipt of entries for this year’s competitions is 20th May 2016. Entry forms to the SuperValu TidyTowns competition can be obtained from the TidyTowns Unit in the Department of the Environment, Community and Local Government – Phone (096-24309) or by visiting www.tidytowns.ie or www.supervalu.ie. For entry to the Special Competitions please download your entry form at www.tidytowns.ie

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