Ten Peaks Coffee Company has reported strong results for the last quarter and year ended 31 December 2017.
Ten Peaks is a specialty coffee company doing business through two wholly-owned subsidiaries, Swiss Water Decaffeinated Coffee Company and Seaforth Supply Chain Solutions, the company’s green coffee handling and storage subsidiary.
Ten Peaks reported strong results for 2017, including record-level revenues and processing volumes. Annual volumes were the highest in SWDCC’s history, growing by 5 per cent over 2016.
The solid gains reflect several factors, including increased overall demand for decaffeinated coffee and reduction in the number of third-party decaffeinators. The company said it had consistently gained market share against its competitors.
“We continue to witness the evolution of the coffee consumer’s palate towards more interesting and exciting coffees that are prepared well by specialty roasters and retailers,” said Frank Dennis, President and CEO of Ten Peaks Coffee Company Inc.
“At the same time, we’ve also seen a growing willingness by specialty roasters to mirror their high-quality coffee offerings with premium decaffeinated coffees, which let people enjoy excellent coffee more often through the day, without worrying about their caffeine intake.”
