Britvic has reported a slight fall in its third quarter revenue but it still delivered growth in its core British operations despite the tough trading conditions.
In a brief trading up for the three months to 7 July, the company said its revenue (constant currency and excluding the soft drink sugar levies) slipped 1.5% to £360.1m.
Britvic stated that revenue in Britain grew even though the market declined “in value and volume”.
Its operations in Brazil and internationally delivered “solid” growth in the period, although performances in Ireland and France remained “more challenging” with a further softening since the half year.
Chief Executive Simon Litherland said: “Overall we have delivered a solid performance against a more challenging backdrop in quarter three. We remain confident of achieving market expectations for the full year, underpinned by the strength of our brand portfolio, exciting commercial plans and a tight focus on cost control.”
NAM Implications:
- Good illustration of growth at the expense of the competition in a flat/falling market.
- Something similar to expect in other categories?
