Soft drinks manufacturer Britvic has reported positive trading in the first quarter of the year. The group reported a 1.3% increase in its quarterly revenue to £311.8 million.
Despite the current challenging consumer environment, the drinks producers said revenue rose 2.8% in the 12 weeks to 22 December - at constant currency exchange rates.
It said it is on track to deliver full-year earnings in line with previous forecasts of £148-£156 million.
The group’s key markets are Ireland, the UK and France.
Britvic reported that UK revenue rose by 1.5% during the quarter. In Ireland, revenue increased by 2.1% while in France, revenue rose by 4.7% in the period. Britvic’s Fruit Shoot brand performed well during the quarter, the group said.
“We delivered a robust Q1 performance in each of our core markets despite a challenging consumer environment,” said CEO Simon Litherland.
“We continued to make good progress implementing our new strategy and remain on-track to deliver our cost reduction initiatives.”
@ 2014 ESM Magazine
