Operational review Bidvest Foodservice - Southern Africa

  • Market-share gains achieved in tough market
  • Revenue eases to R5,4 billion
  • Businesses remain strongly cash-generative
  • Efficiency gains through deployment of new technology
  • Acquisitive growth continues with purchase of A&S businesses
  • Bidvest Foodservice SA branches transition to multi-temperature model

Europe

Comprises market leading foodservice product distributors in the United Kingdom, Belgium, Netherlands, Czech Republic, Slovakia, Poland, Saudi Arabia and the United Arab Emirates. Sources and processes highly regarded own brands and provides products, quality ingredients, finished products, equipment and logistics to the catering and hospitality industry.

 

Bidvest Foodservice
Brent Varcoe
Managing director

 

Bidfood Ingredients
Charles Singer
Chief executive

 

 Speciality
Masly Notrica
Managing director

 

Revenue

R5,4 billion

0,7% decrease

Trading profit

R356,1 million

15,0% decrease

  

 

Financial indicators
(for the year ended June 30)		 2011
R’m		 2010
R’m
Revenue 5 417,6 5 381,4
Trading profit 356,1 418,9
Operating assets 1 669,3 1 767,7
Operating liabilities 840,1 969,9
Depreciation 62,0 57,1
Amortisation and impairments of intangible assets 2,6 2,7
Goodwill and intangible assets 25,0 29,5
Sustainable development indicator overview    
Employees 3 539 3 540
Total training spend (R’000) 9 947 8 113
Training spend per employee (R) 2 811 2 292
Employees attending HIV/Aids training (%) 15,4 10,9
Lost-time injury frequency rate 3,9 1,8
Work-related fatalities (number) – –
BEE procurement (R’000) 1 785 800 739 629
CSI spend (R’000) 2 712 1 473
Enterprise development spend (R’000) 4 777 7 022
Total water usage (litres ’000) 317 009 267 974
Total electricity usage (including electricity from renewable sources) (kWh ’000) 37 274 34 727
Petrol (litres) 1 847 378 2 064 717
Diesel and biofuel (litres) 5 913 011 5 934 580
Total carbon emissions (tonnes) 60 718 57 488
Carbon emissions per employee (tonnes) 17,2 16,2
     
     

 

QUICK LINK: Operational report and historic sustainable development data

Material issues

  • Food safety, product integrity (managing the cold chain) and compliant product labelling
  • Sustainability of seafood species through responsible seafood procurement
  • Management of credit risk as tough economic conditions increase business failures in our industry
  • Reducing energy consumption, waste and the impact of business activities on the environment
  • Employee engagement ï· Staff skills development, retention of management and succession planning
  • Impact of crime on stock shrinkage
  • Broad-based black economic empowerment through employment equity and procurement
  • Occupational health and safety compliance
  • Customer service