Soft-drink giant Britvic has posted a 10.1% increase in revenue to £1.43 billion in the year to 2 October 2016, acceding to preliminary results just filed.
Like-for-like revenue at the group was up 0.4%, while like-for-like pre-exceptional EBITDA increased 3.8%, to £178.8 million.
The group said that its carbonated-soft-drink performance in its home market of Great Britain was "outstanding", posting 5.3% like-for-like growth. In Ireland, too, revenue was up 5.8% on a constant-currency basis.
The year also saw Britvic launch in Brazil, with its Fruit Shoot brand now available in São Paolo.
“Britvic has delivered another strong set of results in challenging market conditions," said Simon Litherland, chief executive officer.
"In our core markets, we continued to take market share with a particularly strong carbonates performance. Internationally, we have had an excellent first year in Brazil, and Fruit Shoot continued to grow in France, [in the] USA, with the launch of multipack, and latterly in Brazil, following its recent launch in São Paulo."
Litherland added that Britvic was "confident we will mitigate inflationary input costs through a combination of revenue-management activities and internal cost-saving initiatives. The new financial year has started well, and although 2017 will be another challenging year, we expect to deliver pre-exceptional EBITA in line with current market expectations.”
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. To subscribe to ESM: The European Supermarket Magazine, click here.
