CEDA report shows better margins
The latest quarterly survey of the Catering Equipment Distributors Association (CEDA) members shows that 50% felt that average margins were better in 2014 compared with 2013.
A new question in the survey also showed that 35% of members suggested margins had stayed at 2013 levels.
The news that margins have been maintained and boosted for a significant number of CEDA members is backed up with quarterly data to January 2015 showing that 70% of members enjoyed better sales than the previous quarter in 2014.
The figures suggest CEDA members are looking positively at 2015 and beyond as Adam Mason, CEDA director general, said: "I'm pleased that the majority of our members held their profit margins in 2014 and a significant number recorded improved average margins. Improving members' margins has been, and will continue to be, a significant focus for CEDA as we strive to add value to their businesses. We know a number have been recruiting new employees and expanding their businesses which is all very encouraging for the future."
CEDA are holding their conference and business day on the 24 April with industry insights and presentations from industry thought leaders hosted by Peter Martin of Peach Reports.
Under the Business Day theme of ‘Making THE Difference' Martin will lead off outlining the top ten trends and 2020 vision of the future of foodservice and hospitality in the UK followed by Paul Goodale, director of Epicurean Holdings, considering the driving forces behind developments in retail, chains and the high street.
Allister Richards, managing director of Gather & Gather will contribute to the panel with his view of the future of contract catering in the UK.
The final presentation on the impact of design and creativity comes from Tim Mutton, founder and CEO of international design agency Black Sheep whose clients include: Jamie Oliver, Raymond Blanc, Four Seasons, The Ritz Carlton, Mandarin Oriental, BrewDog and Wagamama.
For more details on the conference at the Crowne Plaza Hotel, Heythrop Park, Oxfordshire, visit www.cedaconference.co.uk
