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The Food Revolution Group Ltd launching products in Coles and Woolworths

The Food Revolution Group Ltd launching products in Coles and Woolworths

The Food Revolution Group Ltd (ASX:FOD) will launch new products to extend its The Juice Lab ranges at Coles and Woolworths this month.

Food Revolution is a food and beverage processing company with operations in Victoria, it manufactures juices, fibres, infused fruits and fruit waters.

The new products include reduced-sugar juices and larger take-home packs.

New products are aimed at continuing to drive earnings for the company, which totalled $933,000 EBITDA for FY2016.

Bill Nikolovski, chief executive officer, commented: “We are very excited to extend our product range, which have been designed to meet consumers’ growing demand for products like this.

“We will continue to innovate and bring new products to the market that are focused on the changing tastes and preferences of consumers.”

The company recently completed its official audit for FY2016, which saw a 24% increase to underlying EBITDA to $933,000.

Food Revolution achieved year-on-year growth of 22%, or 71% on an annualised basis, and is focused on growing its reach into international markets including China in FY2017.

Supply chain contracts are currently being developed to enable sales of company products in China in the coming months.

The company commenced trading on the ASX in February, 2016.

 

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The Food Revolution Group Timeline

Newswire
May 16 2014

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