Blackmores decade of record
August 30, 2012
BLACKMORES has clocked its
tenth consecutive year of record
sales and profits, reporting a 2%
year-on-year increase in net profit
to $27.8 million.
The company also reported an
11% increase in group sales of $261
million, and 20% net profit growth
and 20% sales growth from Asia.
“This is a solid result considering
Australian market conditions, our
increased investment in growth
initiatives in Australia and Asia, and
given that we have incurred a
number of one-off expenses during
the year,” said Blackmores Chief
Executive Officer, Christine Holgate.
According to Blackmores, the
fourth quarter was particularly
strong for Australian, Asian and
Pure Animal Wellbeing sales, with
the company enjoying 19% group
sales growth, compared to the prior
corresponding quarter.
Over the past year Blackmores
has enjoyed particularly strong
growth in Asia, evident in the 23%
sales growth (in constant currency)
compared to the previous
corresponding period.
“We have tripled our points of
distribution in Asia throughout the
year and recently began our launch
into China through a number of
retail channels including China’s
biggest e-commerce platform
which will be followed by the
introduction of our range into
China’s biggest pharmacy retailer,”
said Holgate.
“The additional stock volumes
required to support our growing
business were well supported by
the purpose-built Blackmores
Campus at Warriewood which
every product passes through
before being released for sale.
“A record 1.75 million units of
product moved through the facility
in March alone,” she added.
The close of the financial year
also saw Blackmores reach an
agreement to acquire practitioneronly
supplement company, FITBioCeuticals
Limited.
In June 2011 BioCeuticals
delivered $38m in invoiced sales,
and earned $4.6 pre tax.
Meanwhile during the 12-month
period the company launched 102
new products, including its
Blackmores Eco Krill (the only
sustainably sourced krill certified by
the Marine Stewardship Council).
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