Innocent has reported a loss of £9.1m in its latest accounts, filed last week at Companies House.
The smoothie maker racked up the loss as sales fell by 7%, including a 17% drop in the UK. And one-off costs meant an operating loss of £1.1m for 2008 soared to more than £9m.
The news comes after figures from Nielsen showed signs of recovery in the smoothie market after a prolonged slump that saw the demise of PepsiCo brand PJ Smoothies.
Sales of Innocent, which this year sold a £30m stake to US soft drinks giant Coca-Cola, rose 10% in the 12 weeks to 5 September.
Read more
Innocent leads return to form for smoothies (24 October 2009)
Innocent pins hopes on kids push to get smoothies growing (3 October 2009)
Innocent and Tropicana chill out with the kids (25 April 2009)
No comments yet