This Integrated Report provides information about the strategy, activities
and performance of
Phoenix Beverages Limited (PhoenixBev or the Group) for the twelve months from 1 July 2023 to 30
June 2024.
It is structured around the matters most material to the Group's ability to create value in the
short-,
medium- and longterm.
The activities of our operations in Mauritius and Réunion Island are included in the reporting
boundary..
2.5%
1.5%
0.5%
10%
4%
4%
1.5%
1.5%
1.5%
I would like to extend my heartfelt thanks to my fellow
directors for their unwavering support and strategic insight
throughout the year. Their guidance has been instrumental in
navigating the challenges and seizing the opportunities that
have come our way.
I also wish to express my appreciation to
the executives and management team, under the leadership
of our CEO, Bernard Theys and our COO/ CFO, Patrick Rivalland,
for their exemplary leadership and commitment to delivering
on our strategic objectives.
To our dedicated team, your hard work, resilience and passion
are the foundation of our success, and I am truly grateful for
your continued contribution. Lastly, I would like to thank
our valued stakeholders for their trust, collaboration, and
confidence in our vision.
Business conditions improved somewhat over the past year, but a number of
challenges remained.
These included a weaker currency and the ongoing shortage
of foreign currency to pay international suppliers, supply chain complexity that
delayed or disrupted deliveries of vital inputs, fluctuating freight costs, rising
energy costs and high interest rates.
We have successfully implemented strategies to mitigate supply chain disruptions caused by
raw material
shortages and foreign exchange issues.However, the labour market remains
extremely tight, particularly for technical skills, and we continue to explore ways
to secure the necessary skills to support production and expansion.