Britvic Ireland publishes Q1 results
2 February 2017 | 0
Britvic, one of Europe’s leading soft drink businesses and manufacturer of brands such as Robinsons, Pepsi, 7UP and many more, has published its Q1 results for Ireland, which the company calls “very strong”.
Revenues have grown by 6.4%, marking eight consecutive quarters of growth for the company. This growth has been aided by significant growth in new products launched in the past two years, including Club Zero, Ballygowan Sparklingly Fruity and MiWadi 0% Sugar. The company now holds a 30% share of the “no addded sugar” market.
Britvic Ireland saw Q1 revenues of £351m, a year-on-year increase of 4.3%. Volume growth came in at 3.9%.
Simon Litherland, chief executive, referred to the results as good progress.
“The new financial year has started well with group revenue 4.3% ahead of last year, continuing the good progress we made as a business in the prior year,” Litherland said. “All our key markets have delivered revenue growth, which is encouraging.
“Whilst the external environment remains uncertain, we are confident that the strong execution of our marketing and innovation plans will deliver full year results in line with market expectations,” he said.