Britvic reports increased revenue in Q3 trading update
Soft drinks maker Britvic saw its revenues increase during the third quarter thanks to strong performances in Ireland and France, the company said in a trading update.
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Britvic reported a 6.5% rise in total revenues to £384.6m during the period, and projected performance for the rest of 2017 to be in line with market expectations.
Revenue in Ireland and France was boosted 10.6% and 11% respectively on the back of strong trading from the likes of its wholesale business Counterpoint.
Britvic, which counts Robinsons Fruit Shoot and 7up as part of its brand network, saw its revenues in the UK growing slower, increasing 4.9% in the update.
The company’s performance in international markets, particularly in Brazil, were mostly flat.
Britvic chief executive Simon Litherland said the drinks maker was performing well despite challenging market conditions.
“Our business is in good shape, we have continued to execute our strategic priorities and deliver a robust performance, whilst taking proactive action to successfully mitigate external headwinds,” Litherland said.
“Trading in the third quarter has been strong with group volumes, ARP and revenue ahead of last year, driven by a range of factors including our focus on growth channels, successful revenue management, delivery of our business capability programme and favourable weather.”