This is Bidcorp

Bidcorp is an international broad-line foodservice group, listed on the South African JSE, and present in developed and developing economies on five continents.

Focused on foodservice, the business comprises a mix of well-established leading and rapidly growing market positions, offering significant future upside.

About this report

It’s all about the food


 

Leadership review

It is with confidence that Bidcorp acknowledges each individual member of our governing body, appreciative of their unique, robust contribution in leading Bidcorp ethically and effectively.

“Ethical leadership is exemplified by integrity, competence, responsibility, accountability, fairness and transparency.

Effective leadership is results-driven. It is about achieving strategic objectives and positive outcomes.

Effective leadership includes, but goes beyond, an internal focus on effective and efficient execution.”

King IV – defining leadership

  • Chairman's statement

    Stephen Koseff
    Chairman

    In a generally supportive environment, Bidcorp grew its market share, achieved efficiencies and drew substantial benefit from its strategic focus on a foodservice industry that continues to flourish.

    Chairman's statement

  • Chief executive's report

    Bernard Berson
    Chief executive

    We take a positive view and see a world of opportunity. Dangers exist, but the group has the capacity to manage them, thanks to our broad geographical spread, closeness to individual markets and the experience of local teams.

    Chief executive's report

  • Chief financial officer’s report

    David Cleasby
    Chief financial officer

    Bidcorp remains well capitalised, with ample capacity to fund further organic and acquisitive growth. However, management is well aware of the necessity for balancing debt capacity with the need to assure appropriate returns to our investors.

    Chief financial officer's report

Awareness of safety


 

Divisional reviews

Australasia

Australia and New Zealand offer customers the industry’s most comprehensive range, wide market coverage, economies of scale and one-stop solutions.  
Revenue
R30,0bn
   
Trading profit
R2,0bn
   
Employees
4 638
   
  For more information see Bidfood Australasia

United Kingdom

United Kingdom is a market-leading foodservice and product distributor serving customers in the hospitality, institutional, catering and free-trade sectors.  
Revenue
R31,4bn
   
Trading profit
R1,4bn
   
Employees
7 930
       
  For more information see Bidfood United Kingdom

Europe

Bidcorp in Europe is the leading foodservice distributor to the Horeca sector. Bidcorp has a world-class service offering and a diverse product range that meets the needs of its vast customer base.  
Revenue
R39,2bn
   
Trading profit
R1,6bn
   
Employees
7 842
   
  For more information see Bidfood Europe

Emerging Markets

With a geographic footprint over four continents, this division includes operations in Africa, South America, Asia, the Middle East and Europe.  
Revenue
R18,7bn
   
Trading profit
R1,0bn
   
Employees
6 014
   
  For more information see Bidfood Emerging Markets

 

 


Passionate about quality


 

ESG review

Our 2018 story was dominated by the hard work of highly motivated Bidcorp people, but real excitement was generated by local teams as they differentiated Bidcorp in market after market as foodservice specialists who add value through insight and innovation.

How we "ESG" our business