13 February 2007 – Leading German mineral water bottling company Gerolsteiner Brunnen GmbH & Co. KG saw its 2006 turnover grow 7.7% year-on-year to around 208.8 mln euro, a company spokesperson confirmed to FLEXNEWS. The increase, mainly due to positive demand for its new products, comes after 2 years of declining turnover and sales.
The company’s profits for 2006, however, are expected to fall as Gerolsteiner invested in new plants and product launching.
Last year, the company sold 7.1 million hectolitres, up 5.3% on the year.
Gerolsteiner plans to expand this year by firstly introducing a new natural ingredients soft drink to the German market in June. Secondly the drinks maker hopes to grow abroad with a particular focus on Japan.
Overall, in 2007, the firm intends to invest 24.5 mln euro in the expansion.
Gerolsteiner is 51% owned by German beverage group Bitburger Holding GmbH. Buse group is the other major shareholder in Gerolsteiner with a 33% stake. The company has a workforce of 800.