Profits rise at ice cream maker
Investment pays off for Mackie’s of Scotland
The family-run business has established a brand leading 20% share of the ice cream market in Scotland.
With distribution across all major supermarkets nationally and several wholesalers for the Food Services Market, Mackie’s is the only ice cream company in the UK’s top five showing growth this year.
Gerry Stephens, finance director, said: “The company growth in ice cream sales is the result of increased listings and the introduction of new flavours in the UK.
“Opportunities for ice cream in the export market have also been fruitful, with 500% increase through new sales in Taiwan, a growth in sales to Costco Korea and expansion plans in the pipeline for India.”
The company’s chocolate bar range, which was launched in autumn 2014, has also seen sales more than double (+120%) since introduction. It has continued to show growth across its four flavours both via listings in the UK in Scottish Sainsbury’s and Tesco stores as well as through food services and export sales via the distributor Gan Teck Kar in Singapore.
This growth in business, together with a £900,000 one-off adjustment and asset sale, has boosted pre-tax profits to £1.9 m.
The company invested £6m over the year, including the development of a new chocolate factory on the farm, new ice cream machinery and packaging, and upgrading of existing staff housing, together with renovation of the product development kitchen.
A significant portion of this investment saw Mackie’s strengthen its green credentials with the introduction of the fourth wind turbine on its Aberdeenshire farm. This was in addition to the installation of almost 7,000 Solar PV panels, making it the largest solar panel farm in Scotland.
Mac Mackie, managing director (pictured above), said: “These results are extremely encouraging, especially with the launch of our chocolate range and as we look forward to celebrating 30 years of Mackie’s Ice Cream.
“Our investment in product development, increased investment in our infrastructure, innovation, staff and renewables helped continue the company’s growth. The profit announcement is also keenly watched by our staff – our staff bonus scheme is linked to target profits, and this year we are pleased to be able to pay 10% on all salaries.
“We have big ambitions for the year ahead. Our continued investment in company growth and our chocolate range is going from strength to strength with new product development in the pipeline. We’re looking forward to seeing what 2016 has in store.”