Britvic saw its revenues climb 7.3% to £411m during its first quarter period to 31 December. This was driven by higher prices to offset cost increases, although volumes declined as a result.
The soft drinks giant noted that it saw “strong” Christmas trading, with sales in December up 9.0%, led by its core business in Britain which grew 13.8%.
Across the quarter, revenues were up 9.8% in Britain, delivered across both the retail and hospitality channels.
In its international operation, the group saw a 0.4% decline in revenue in Brazil, while “other international” was up 3.5%, driven by Ireland. Sales in France was “broadly flat” as price growth was offset by a volume decline.
“Our performance in the first quarter was robust and in-line with our expectations,” said Simon Litherland, Chief Executive.
“Our portfolio of trusted, family-favourite brands offer great value and continue to resonate strongly with consumers. We have continued to take decisive action to mitigate the impact of cost inflation with disciplined revenue management and a relentless focus on cost efficiency, to protect profit and margin.”
Litherland noted that Britvic had “strong plans” in all its markets and categories, including a brand refresh for Robinsons, pack and flavour innovation, as well as new marketing campaigns.
“Britvic is a well-invested business, with an agile supply chain and a capable and highly engaged team, which positions us well for the future,” he concluded.
