Britvic on track for full year as Q3 revenues rise

Drinks maker Britvic said on Thursday that it was on course to meet market expectations for the year as it posted a rise in third-quarter revenues.

Revenues were up 11.2% on the same period a year prior to £431.1m, with volume growth and positive price/mix.

GB revenue increased 9.3%, driven by the continued recovery of the Out-of-Home channel and further growth in the At-Home channel.

Meanwhile, revenues in Brazil rose 24.3% as the company continued to expand its presence through both core and innovation brands. Other international sales grew 12.7%, with Ireland and France in growth in the quarter.

Chief executive Simon Litherland said: "Year on year performance in the quarter reflects continued resilient demand for our portfolio of trusted, family favourite brands. This summer we have a range of exciting marketing campaigns across all our markets, including a major new campaign for Robinsons in GB, and we will also be bringing back the Pepsi MAX taste challenge for the first time since the start of the pandemic.

"We are encouraged by trading performance year to date although we expect the uncertain environment to continue to weigh on consumer confidence. We remain focused on mitigating the impact of inflationary pressures on our business; soft drinks is a resilient category, within which we have a well-invested business, a flexible operating model and a robust supply chain. We are confident in our ability to deliver value for all our stakeholders and a full year performance in line with market expectations."