Britvic Performance ‘Resilient’ Despite Weather

Source: Food and Drink Digital

Date :17/10/2007 16:04:01

Branded revenue for the 24 weeks to 30th September 2007, the period since the last update to the market, was down 1.5%, with stills down 0.3% and carbonates down 3.1%.

Britvic has reported robust trading in the 52 weeks to 30th September 2007, with branded revenue growth of 3.7% to £702.5m compared with the same period last year, driven by stills up 3.9% and carbonates up 3.0%. All figures in this update are before any contribution from the recent acquisition of the soft drinks businesses of C&C Group plc (Britvic Ireland) on 29th August 2007.

Branded revenue for the 24 weeks to 30th September 2007, the period since the last update to the market, was down 1.5%, with stills down 0.3% and carbonates down 3.1%.

This illustrates a resilient performance against the backdrop of extremely poor summer weather and tough 2006 comparatives, which benefited from an above average summer and a high level of promotional activity based around the football World Cup.

In stills, Britvic continues its strong outperformance of the market in all of its key categories driving revenue growth. J2O, Fruit Shoot and Robinsons squash consolidated their position as market-leading brands, the latter performing particularly well in large pack.

The recent relaunch of Drench, as our take-home water offering is showing very promising signs, while Pennine Spring, the third-largest on-premise water brand, displays continued good growth.

Fruit Shoot H20 continues to deliver a strong performance.

The recently-launched Robinsons pure juice brands, Smooth Juice and Fruit Shoot 100%, have performed in line with management expectations given the poor weather.

October 17 2007

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