Glasgow-based coffee roaster Matthew Algie has revealed a year of steady growth, with its turnover increasing by £2.1m. The firm, which has been recently acquired by German coffee giant Tchibo, saw its turnover rise during the period covering 2014-15 from £2.68 to £2.80m.
Despite a competitive market and continued volatility in the global price of raw coffee, operating profit remained consistent with previous years at £3.22.
As part of its continued growth strategy, Matthew Algie has placed emphasis on quality, investment in and development of ethical and sustainable supply chains, as well as improved customer support programmes.
Gary Nicol, Matthew Algie chief executive said: “We have seen sustained organic growth in the market overall which is great, but the key thing from our perspective is maintaining strict quality standards and ensuring our offering and experience for our customers is genuinely premium.
“That is what has helped mark Matthew Algie out in what is a very competitive and challenging market, but we do also have to maintain a watchful eye on the global price of raw coffee and currency exchange rates to ensure costs are controlled.
“By teaming up with a complementary company like Tchibo we see real potential for expansion in Europe, and making the most of that opportunity to take the brand into new areas in the year ahead.”
