08 Oct 2007


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Profits flow at Highland Spring

Highland Spring

financial results

Source : Highland Spring
Highland Spring has announced a record year today (Monday 8 October) for the year ended 31 December 2006.

Turnover increased to £54.2 million (2005: £51.6 million) up five per cent, pre-tax profits grew to £4.1 million (2005: £3.2 million) up 28 per cent, and litre sales of the brand improved 12 per cent to 179 million litres (2005: 160 million litres).

The UK’s leading producer of bottled water also secured second place in the overall bottled water market from Volvic. And with a 7.9 per cent brand share in 2006 – up 12 per cent from 2005 – Highland Spring is edging closer to market leader Evian.

Sally Stanley, marketing director of Highland Spring said: “The substantial increase in turnover and profit is the result of our continued commitment to grow the brand ahead of the market and continued investment for future success. An exceptionally warm summer in 2006 coupled with successful sales and marketing activities also contributed towards the results.

“This year some £3 million is being invested in additional production facilities to help meet future demand and upgrade existing bottling lines. Despite bad weather this summer, we are still growing ahead of the market quite considerably, at 1.5 per cent versus a market decline of 3.3 per cent in total take home.”

In August 2007, the company launched the first kids’ sparkling water with a variant of Highland Spring for Kids, the number one children’s bottled water. The kids’ bottled water sector remains buoyant, having reached 15.8 million litres already, with huge opportunities for further growth. Highland Spring pioneered the children’s bottled water market in 2001 and today Highland Spring for Kids has a 25 per cent brand share.

Producing one million bottles a day, Highland Spring is the fastest growing top five brand in the UK.

As the leading brand in the sparkling sector, Highland Spring sells nearly three times more than its nearest competitor in the take home market, San Pellegrino, and consolidated the number one sparkling position in 2006 with 14.2 per cent growth compared to market growth of 1.7 per cent, achieving a 13.1 per cent share of the sparkling sector in 2006.

Stanley concluded: “We’ve had an extremely strong year for the brand so far, with a number of new high profile sponsorships including The GB Davis Cup Team, Team Murray - Andy, Jamie and Judy - and major supporters of the Glasgow 2014 Commonwealth Games Bid, all of which are helping take Highland Spring to an even higher level of performance.”

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