Australia's No.1 drinks company for 2018
The Top 100 Australian Food & Drink Companies report has included 18 drinks companies in its latest list, with Lion taking out the top spot.
Lion came in at No.3, up from fourth place in 2017, swapping spots with Coca Cola Amatil, which dropped to No.4.
The number one company on the list - which was created in collaboration with IBISWorld - was Fonterra. Senior industry analyst Bao Vuong attributed the NZ dairy giant's 6% revenue rise to improved global prices for dairy.
Lion noted: "We’re pleased to see Lion ranked as the no.1 drinks company by revenue in the Top 100 Australian Food & Drink Companies Report 2018, coming in third overall across the entire Australian food and beverage sector.
"This is reflective of the hard work of close to 6700 Lion employees who, together with our suppliers, customers, retailers and consumers, have made an economic contribution of $5.4 billion to the countries we operate in.
"But we believe in more than just our economic contribution – we are a company focused on long-term sustainable growth and creating shared value for our entire supply chain."
The list revealed that the "stellar performers" of the year included PepsiCo Australia & New Zealand, which entered the rankings for the first at No.19 after Frito-Lay Australia sold its operations to newly the incorporated company PepsiCo ANZ Holdings.
Vuong also noted that a strategy by Australian Vintage (No.76) to focus on the UK market resulted in a 25% increase with UK/Europe sales, lifting its revenue to $266million.
"In addition, its three core brands, McGuigan, Tempus Two and Nepenthe have strong performance with a 14% sales increase," he said.
It named Independent Liquor Group Distribution as one of the companies that battled adverse conditions in 2018. The company fell from No.51 to No.62, due to losing one of its wholesale partners, Star Group in Queensland, which had contributed $77 million sales in the previous financial year.
Meanwhile, Samuel Smith & Son joined the list for the first time at No.72, based on revenue estimates and organic growth.
Here are the top drinks performers:
No.4: Coca-Cola Amatil
No.6: Treasury Wine Estates
No.14: Carlton & United Breweries
No.37: Pernod Ricard
No.62: Independent Liquor Group
No.67: Moet Hennessy Australia
No. 72: Samuel Smith & Son
No.76: Australian Vintage
No.85: Beam Suntory Australia
No.94: Independent Liquor Group (Suppliers)
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