Britvic has delivered what it described as a “strong performance” for the first half of its current financial year.
Interim results for the 28 weeks ended 14 April 2019 show that the soft drinks giant increased organic revenue 1.9% to £769.2m, while organic adjusted EBIT increased 5% to £83.7m and adjusted EPS grew by 5.2% to 22.3p.
This follows 13 consecutive year-on-year halves of growing adjusted EBIT.
Following the introduction of the Soft Drinks Industry Levy, all of Britvic’s UK low or no-sugar variants were in growth during the period.
In Stills, the company’s three main brands – Robinsons, J20 and Fruit Shoot – all grew revenue in H1.
Britvic said Robinsons’ premiumisation strategy saw the brand take market share, with consumers responding well to the launches of the Creations and Cordials ranges.
Carbonates also delivered, with Pepsi Max continuing to gain more value share than any other cola variant, while Tango and low/no sugar variants 7UP free, R Whites and Purdey’s were also in growth.
Looking ahead, the company “remains confident” of making further progress and achieving market expectations for the full year.
