Drinks manufacturer Britvic Plc has reported a 5.1% rise in full-year revenue, to £1,503.6 million (€1,689.2 million), for the financial year ended 30 September 2018.
Adjusted earnings before interest and taxes (EBIT) increased 5.4% to £206 million (€231.4 million) for the same period.
Growth was mainly driven by the increased sales of low-sugar drinks, including Pepsi’s sugar-free cola drink, Pepsi Max, the company said.
Britvic’s Chief Executive, Simon Litherland, commented, “We have delivered a strong performance in a challenging environment, with good revenue, margin and earnings growth.
"I am delighted that we have grown our stills brands, demonstrating that our investment in innovation and marketing is beginning to pay off.”
The company is confident that in the next fiscal year it will continue to increase its earnings, dividends and shareholder value, despite political and economic uncertainty.
“The investment in the transformational business capability programme is now nearing completion and is already delivering significant efficiency and commercial benefits. Free cash flow will increase materially in 2019 as capital spend falls back towards normal levels,” Litherland added.
© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.