Britvic sales up in “resilient” soft drinks market
Britvic says that revenue increased by 14.6% in the year to 3 October as volume sales increased globally.
The total number of brands including Robinsons, Fruit Shoot and Tango sold increased by 15.2%.
In Britain, where Britvic also distributes PepsiCo brands including Pepsi and the recently launched Mountain Dew, the company says it grew carbonate volumes by 10.2% and still drinks by 3.5%.
On the British soft drinks market, Britvic says the total take-home market saw a volume increase of 2.3% in the year “again proving resilient in the year.”
However, the on-premise soft drinks market saw volumes decline 5%.
Paul Moody, chief executive of Britvic, described the company’s performance as “strong”.
“Despite our caution on a weak consumer environment, we are confident at this early stage that we have the focused strategy to deliver another robust set of results for the year ahead.”