Profits jump 29% at BWG Foods on the back of record €1.7bn sales

Growth in the company was driven by a combination of volume increases, inflation and acquisitions.

Revenues increased by 5.6% from €1.62bn to €1.71bn in the 12 months to the end of September 2024.

Pre-tax profits at wholesale group BWG Foods last year increased by 29% to €39.99m on the back of record sales.

BWG Foods UC, ultimately owned by South African-incorporated The Spar Group Limited, operates a number of retail and convenience brands in Ireland, including Mace as well as Spar, Eurospar, Londis and XL.