CADBURY SCHWEPPES NAMED TO INDUSTRY WEEK
11 Aug 99
Cadbury Schweppes plc has been named one of the world's 100 best-managed companies by the US magazine, INDUSTRYWEEK, for the fourth year in a row.
The magazine's August 16th issue focuses on the 100 best-managed companies selected from its list of 1000 of the world's largest publicly held manufacturing companies based on revenues. US firm Primark in Massachussets supplied the data for the INDUSTRYWEEK 1000 list.
The 100 Best-Managed Companies were selected after a lengthy evaluation process involving analysis of the companies' financial performance; review of a questionnaire mailed to each IW 1000 company; research into each company's practice in areas such as philanthropy and safety; and voting by a panel of more than 100 business leaders, analysts, and academics from around the world.
"INDUSTRYWEEK'S 100 Best-Managed Companies demonstrate superior, consistent financial performance," says John Brandt, editor-in-chief of IW. "We also honour these companies for investing heavily in such areas as research and development, new markets, employees, and society."
Forty-five companies have made the list each year; 12 companies appear for the third time; 19 companies appear for the second time; and 24 companies appear for the first time. Fourteen countries are represented, and Cadbury Schweppes is one of seven companies from the UK.
Cadbury Schweppes plc is a major global company which manufactures, markets and distributes branded beverage and confectionery products in around 200 countries. The Group employs over 38,000 people worldwide. In 1998, on a constant current exchange rate basis, Cadbury Schweppes' profit before tax, exceptionals and disposals increased by 11% to £609 million; sales from continuing operations increased by 4% to £4,106 million; and underlying earnings per share increased by 11% to 39.4p.
The company aims to maximise value for shareowners through a strategy of focusing on its growth markets in global confectionery and US beverages; building strong brands and businesses with sustainable competitive advantage; developing market share through innovation; and developing the business through value-enhancing acquisitions and organic investment in specific markets.
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John Brandt
INDUSTRYWEEK
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