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Britvic reports revenues up 1%, acquires Brazilian soft drinks company

24th Jul 2015 - 10:08
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Britvic reports revenues up 1%, acquires Brazilian soft drinks company
Abstract
Soft drinks manufacturer Britvic has reported group revenue is up 1% to £322.3m for the 12 weeks to 5th July 2015.

Globally, volume increase was up 2%, international revenue increased 6.8% and the group saw market volume and value share gains in Great Britain, France and Ireland.

In the GB market, Britvic saw revenue decline 0.8% and GB carbonates revenue declined 0.9%, blamed primarily because of negative price/mix of 0.8%.

In Q3 2014, revenue increased over 10%. Pepsi continues to gain volume and value share in the quarter.

GB still division revenue declined 0.7%, an improvement on the 4.2% revenue decline in the first half of the year. During the quarter, Britvic launched J20 Spritz, Teisseire and re-launched Robinsons.

Simon Litherland, chief executive officer, said: “I am pleased to see the business back into revenue growth this quarter following the investment we have made in our brands and innovation launches in each of our markets. We have also executed some fantastic marketing campaigns, including Robinsons 80 year association with Wimbledon and the Teisseire sponsorship of the Tour De France.

Despite continued challenging market conditions, we remain confident of delivering further profitable growth in 2015, in line within our guidance range of £164m to £173m, and we continue to invest behind the long-term drivers of growth.”

Britvic also announced the acquisition of ebba, a soft drinks company in Brazil, for £114m, giving Britvic immediate access to the sixth largest soft drinks market globally.

Litherland added: The acquisition of ebba represents a unique opportunity to acquire a high quality business in a substantial soft drinks market, with exciting future growth potential.

"ebba operates in categories where Britvic has a proven capability of building new markets, accelerating innovation and establishing brand leadership. "
 

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Written by
PSC Team