Britvic plc
LEI: 635400L3NVMYD4BVCI53
8 July 2024
Britvic plc (“Britvic”)
“Strong Q3 trading despite a tough
prior year comparable”
To 30 June 2024
|
YOY Revenue Growth (at constant
currency)
|
|
Revenue
|
Group
|
GB
|
Brazil
|
Other International
|
Q3
|
£502.9m
|
+6.3%
|
+6.6%
|
+48.1%
|
-6.6%
|
YTD
|
£1,383.2m
|
+9.3%
|
+8.0%
|
+38.9%
|
+2.1%
|
Q3 performance highlights
-
Strong Q3 performance, despite poor
weather in Europe, with +2.2% volume growth and positive price/mix,
resulted in revenue of +6.3% vs a tough prior year comparable of
revenue +9.9%.
-
In Great Britain,
revenue grew +6.6% vs the prior year, with both the retail and
hospitality channels in growth.
-
In Brazil, revenue grew +48.1% vs
the prior year, with both growth from the existing brand portfolio
and continued acceleration in energy following the Extra Power
acquisition.
-
Other International revenue
decreased -6.6% vs the prior year. Growth in Ireland was offset by
a decline in France and other international markets.
Simon Litherland, Chief Executive
Officer commented:
“Trading in the quarter has been strong, with revenue
increasing +6.3%, benefiting from both positive price/mix and
volume growth, and demonstrating the strength of our portfolio of
brands. Encouragingly this was
achieved despite poor weather this year and a tough comparable from
last year when revenue increased 9.9%.
Demand for our brands remains strong, as we enter the key
summer trading period. We have an exciting programme of marketing
campaigns, giving us confidence that we will deliver an excellent
full year performance.”
For further information please
contact:
Investors:
|
|
Steve Nightingale (Director of Investor Relations)
|
+44 (0) 7808 097 784
|
Media:
|
|
Kathryn
Partridge (Director of Corporate Affairs)
|
+44 (0) 7803 854 229
|
Stephen Malthouse (Headland)
|
+44 (0) 7734 956 201
|
Note to
editors
About Britvic
Britvic is an international soft drinks
business rich in history and heritage. Founded in England in the
1930s, it has grown into a global organisation with 39 much-loved
brands sold in over 100 countries.
The company combines its own leading
brand portfolio including Fruit Shoot, Robinsons, Tango, J2O,
London Essence, Teisseire, Plenish, Jimmy’s Iced Coffee and MiWadi
with PepsiCo brands such as Pepsi, 7UP and Lipton Ice Tea which
Britvic produces and sells in Great Britain and Ireland under
exclusive PepsiCo agreements.
Britvic is the largest supplier of
branded still soft drinks in Great Britain and the number two
supplier of branded carbonated soft drinks in Great Britain.
Britvic is an industry leader in the island of Ireland with brands
such as MiWadi and Ballygowan, in France with brands such as
Teisseire, Pressade and Moulin de Valdonne and in its growth
market, Brazil, with Maguary, Bela Ischia and Dafruta. Britvic is
growing its reach into other territories through franchising,
export and licensing.
Britvic is listed on the London Stock
Exchange under the code BVIC and is a constituent of the FTSE 250
index.
Find out more at Britvic.com