Burton’s Biscuit Company has increased its underlying profits by 24% to £34.6m, according to its full-year results.
Its pre-tax profit also increased by £4.8m to £10m. Revenue from Power Brands Cadbury, Maryland, Wagon Wheels and Dodgers grew by 5% to £178.9m
Since 2009, the company’s Power Brands have caused significant revenue growth due to what Burton’s Biscuits believe to be “innovation and investment in brand marketing”.
The biscuit manufacturer also reported a reduction in net debt to £118m, down from £135m in 2011.
Ben Clarke, CEO of Burton’s Biscuit Company, said: “2012 was another strong year for Burton’s Biscuit Company. Since 2009 the company has been transformed into the UK’s leading premium biscuit manufacturer, and in 2012 we made further progress towards delivering top tier financial returns.
“We are confident we have the right strategy to continue achieving success in 2013, and remain focused on our goal of further developing our leading position in the premium biscuit market and driving further profitable growth, in the UK and internationally.”
The results also revealed that Burton’s share of the UK sweet biscuit market increased to 9.4%, the fourth consecutive year of brand share growth.
Headquartered in St Albans in Hertfordshire, England, Burton’s employs over 2,000 staff and operates manufacturing sites in Blackpool, Edinburgh and Llantarnam.