Australia’s largest soft drink producer today announced they remained on track to meet their guidance for the full year, while Mother and Glacéau vitaminwater continue to outperform expectations. “The Australian beverage business achieved solid volume and revenue growth in the third quarter,” the firm advised in their trading update. “Transaction volume growth, being the number of physical beverage packs sold, also remained robust as the business continued to benefit from... ...Read more »

Australia’s largest soft drink bottler, Coca-Cola Amatil, has delivered a record first half net profit after tax of $189.8 million as tougher trading conditions fail to quell Australian appetite for soft drinks. The result, a 10.4% increase on last year, was warmly received by the market and Managing Director Terry Davis. “Although CCA has experienced tougher trading conditions, it has delivered another record result,” he noted. “Excellent performances from the Australian... ...Read more »

Coca-Cola Amatil have reported strong growth in the first half despite a “noticeable shift” in consumer behaviour. Australia’s largest soft drink beverage maker advised, in their May trading update, that a hot summer had driven strong demand in the first quarter, while the stimulus packages helped them achieve strong volume and revenue growth. “The economic downturn has resulted in a noticeable shift in consumer behaviour,” the maker of Coca-Cola in Australia said. “Demand... ...Read more »

Coca-Cola Amatil’s Mother is now challenging V for top spot in the energy drink sector as Australia’s leading soft drink producer finally uses its distribution networks to capture a valuable slice of the market. After a failed launch over two years ago, the ‘new’ Mother was introduced with great success last July and, in the six months to March, shared the leading position in the grocery channel with V – each claiming a 30.1% share of the market. While taking off in... ...Read more »

The European Food Safety Authority (EFSA) has concluded that exposure to taurine and d-glucuronolactone through regular consumption of energy drinks was not of safety concern. The research was conducted in response to a request from the European Commission, EFSA’s Panel on Food Additives and Nutrient Sources added to Food (ANS). The evaluation follows a risk assessment on these two substances carried out by the EU’s former Scientific Committee on Food (SCF) in 2003. The ANS Panel considered... ...Read more »

Coca-Cola Amatil Limited, Australia’s largest soft drink producer, has recorded a record net profit after tax for the 2008 full year of $404.3 million, 10.4% up on 2007. CCA’s Group Managing Director, Mr Terry Davis, was delighted with the results considering the prevailing market conditions. “CCA has delivered a record profit result against a backdrop of the most challenging economic and trading environment we have experienced for many years,” he said. “The achievement... ...Read more »

The global energy drink market countered fears over the economic conditions to register an approximate 15% increase in 2008. Leading beverage agency, Canadean, reports that growth has come from across the globe and ranges from 2% in Asia to 34% in East Europe, taking the energy drink category to more than 5 billion litres. The category has enjoyed a prolonged period of spectacular growth and has trebled in size since 2001. Canadean expect that by 2011 each global consumer will drink, on average,... ...Read more »

Red Devil, a premium energy drink amongst the top three in the energy category in the US and a number of European countries, is set to launch in Australia and New Zealand before the end of the year. The first shipment will go on sale in the ACT and WA later this month and will add another competitor to the increasingly lucrative sector. The Frucor-owned ‘V’ remains the market leader in Australia from Red Bull, with Coca-Cola Amatil finally starting to make inroads thanks to the relaunch... ...Read more »

Coca-Cola Amatil has announced they are on track to meet profit guidance and may have found the right energy drink to compete with V and Red Bull, with sales of Mother surpassing expectations. “Notwithstanding the volatile market conditions, CCA has experienced solid trading in the third quarter,” a statement from the company advised. “The Australian beverages business has cycled very strong volume growth in Q3 2007 and delivered performance in line with expectations. The Australian... ...Read more »

The Coca-Cola Company, which has for years been seeking to gain a foothold in the increasingly lucrative energy drink sector, has signed a distribution agreement with Hansen Natural Corporation – the makers of Monster Energy, America’s leading energy drink by volume according to A.C. Nielsen data. The Coca-Cola Company and Coca-Cola Enterprises, Inc. (the primary Coca-Cola bottler in the US and much of Europe) announced overnight that they had completed agreements for distribution of... ...Read more »