Main Menu

Matthew Algie – profit up on coffee shop growth

Matthew AlgieThe continued growth of cafe culture has helped Glasgow-headquartered coffee distributor Matthew Algie increase annual operating profit from £3.39 million to £3.74m on a £1m rise in turnover to £33.7m.

Chairman, Eric Hagman, said: “The coffee shop market continues to grow strongly both through new outlets opening and continuing consumer demand.

“However, location is no longer the number one footfall driver – it’s all about quality, presentation and experience. From a retailer perspective competition is becoming more intense – so differentiation is absolutely key.

“Our distribution through non-specialist channels like pubs and bars is growing strongly and we are pleased that our dedication to ethical production has been recognised within the industry and by our customers.”

Share The News Tweet about this on TwitterShare on FacebookShare on Google+Email this to someoneShare on LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked as *