Henderson Group posts near 4% profit rise

Spar Northern Ireland wholesaler Henderson Group increased pre-tax profit to £21.9 million in 2015 – up by 3.9%.

Paddy Doody (left) and chief financial officer Ron Whitten.

Paddy Doody (left) and chief financial officer Ron Whitten.

Although turnover at £659.1 million was just under 1% down, sales & marketing director Paddy Doody said the company was pleased with this performance, particularly in the light of “a very challenging, competitive and economic landscape”.

A major negative was fuel, with total litreage rising by 6.7%. Doody said that, had fuel prices been static, £23.5 million would have been added to group turnover.

The company owns 79 Spar/EuroSpar stores and supplies a further 343 independent outlets.

Henderson Wholesale’s new ‘Enjoy Local’ brand created over £23 million sales while the foodservice division also experienced significant growth across the north and south of Ireland. Barista Bar is on target to be the highest selling coffee brand in the north.

Doody said Henderson Group sales in the first half of 2016 are running at plus 5%.

Henderson Group 028-9034 2733


Published Date: September 19, 2016
Category: Wholesale Industry News