Britvic has made a positive start to its new financial year after seeing a jump in sales over the Christmas period.
During its first quarter to 31 December, group revenue climbed 8.1% on a constant current basis to £443.5m, with volumes up 1.7%.
The soft drinks maker experienced a “robust” quarter for its core GB division, with revenues rising 6.9% after both its retail and hospitality channels experienced growth.
In Brazil, revenue rose 21%, including the benefit of a recent acquisition, while other international markets saw revenues increase 6%. Ireland led the way with growth of 12.5%, while France was up 1.1%.
The company hailed “strong” trading in December, with revenues jumping 12.1% and volumes up 6.4% after the group benefitted from like-for-like growth and recent acquisitions.
Chief Executive Simon Litherland commented: “We are pleased with such a positive start to the year. Our performance in the first quarter was strong and in-line with our expectations, as we continue to offer consumers value as well as great taste, with our portfolio of family favourite soft drinks brands. We have exciting plans for the year ahead across our markets, with new innovations and engaging marketing activations, including Pepsi’s first brand refresh in 14 years.
“More broadly, Britvic is a well-invested business, with a clear growth strategy. We remain confident of achieving growth this year within the range of market expectations, as well as continuing our track record of delivering superior returns longer term.”
