Italian mineral water and non-alcoholic beverage brand Sanpellegrino closed 2018 with a 4% annual increase in turnover to €928 million.
Exports, which accounted for 56.9% of revenues, saw year-on-year growth of 8%.
The USA remained its leading market, registering a 12% growth in turnover.
Growth Drivers
International brands were the driving force behind the group's performance.
San Pellegrino and Acqua Panna mineral waters brands, present in over 150 countries worldwide, grew in value by 6% and 10% respectively.
In the domestic market, the group achieved a turnover of €400 million.
In Italy, Sanpellegrino and Acqua Panna recorded an overall volume growth of 3%, while the Levissima and Nestlé Vera remained stable.
Investments
Sanpellegrino is planning to invest €70 million over the next three years to re-design and increase the efficiency of the production site of Scarperia.
The investment will also be channelised for communication activities in international markets to make Acqua Panna, which has sold more than 300 million bottles worldwide, the 'premium still water' of the Group.
At the Nestlé Vera plant in San Giorgio in Bosco, the Sanpellegrino Group is investing around €29 million in a new line of cans and a new warehouse.
Meanwhile, the company has started work on 'Flagship Factory' - a project designed to promote the place where Sanpellegrino mineral water was born and bottled.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine.
