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Figures lacking fizz for Britvic

Drinking Britvic products

Britvic has reported a first quarter revenue of £311.6m for the 12 weeks to 20th December, 4.8% ahead of last year.

However, when the acquisition of Brazilian squash maker Ebba is discounted, organic reported revenue fell 2.4% to £290.1m.

In the UK revenue declined 1.2% where a flat average retail price combined with a slightly reduced volume reflected continued tough trading conditions in the grocery channel. A strong performance by Pepsi Max meant that, overall, the company continued to take value share.

Simon Litherland, Britvic’s Chief Executive, commented: “As anticipated, our first quarter performance reflected both the prevailing challenging trading conditions and a slow start in October. However trading over the entire Christmas period in our core markets was encouraging, with revenue ahead of last year.”

Litherland reaffirmed Britvic’s EBITA guidance range of £180m to £190m for 2016, citing “strong marketing and innovation plans for the year ahead, and an ongoing focus on cost control.”

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This website contains images and information relating to tobacco products. Please do not view if you are under 18 years of age.

This publication contains images and information relating to tobacco products. Please do not view if you are under the age of 18 years old.