AGM & Interim Mgmt Statement

Britvic plc 30 January 2008 Britvic plc ('Britvic') AGM and Interim Management Statement ============================================================ 30th January 2008 ================= At the Annual General Meeting to be held at 10.30am this morning, Gerald Corbett, Chairman, will make the following comment on the Company's trading for the 12 weeks to 23rd December 2007: 'Britvic today reports total revenues of £214.0m for the 12 weeks to 23rd December 2007, an increase of 31.2% on the prior year. This includes a first time contribution from Britvic Ireland of £49.3m for the 3 months to 31st December 2007. GB and international revenues grew by 1.1% during the period, representing stills growth of 1.2%, carbonates growth of 0.4% and Britvic International growth of 12.0%. GB pricing levels were maintained in the period with revenue growth driven mainly by volume. Our out-performance of the GB stills category (market down 1.7%) reflects continued share gains from the Robinsons brand, and whilst our core carbonate brands performed in line with expectations, our shortfall against the market growth of the category (market up 2.5%) is largely explained by the strong volume performance of the functional category where Britvic currently has no real presence. The trading conditions highlighted in our November 29th statement have continued, with licensed on-premise soft drink market volumes down 5% in the quarter to November as the impact of the smoking ban and the slowdown in consumer spending continue. However, the take-home market has shown some recovery during the period with volumes up 0.3%, driven by the growth of carbonates. Whilst stills market volumes are down, the rate of decline in the category has fallen consistently over recent months which is in line with our expectations highlighted back in November, and we continue to anticipate a return to growth in due course. Britvic's International business has again shown strong growth driven by solid trading of Fruit Shoot in the Netherlands and continued distribution gains for Robinsons squash in Sweden, Finland, and Denmark. Britvic Ireland's revenue grew 5.6% in sterling terms for the quarter to the end of December, benefiting from exchange rate movements. Underlying euro revenues were marginally down by 0.8% based on flat volumes, with the on-premise market showing a low-single digit decline in the quarter to November. Our performance within the take-home market was strong, driven by the continued growth of our Miwadi and Ballygowan brands. The integration of Britvic Ireland and the delivery of the forecast €14m synergies remains on track, illustrated by the recently-announced proposal to close the company's Cork factory and consolidate production to a large scale, manufacturing centre by investing €7.6 million in the Dublin plant. Despite current trading conditions and pressure from rising input costs experienced in the first quarter, our continued strong focus on cost control has maintained our operating margins compared to the same period last year. With an expected return to growth in the near term for the stills category, plus this year's innovation programme to be launched soon, we remain confident about the delivery of market expectations for the year.' For further information please contact: Investors: ---------- John Gibney/ Craig Marks +44 (0)1245 504 330 Media: ------ Tom Buchanan (Brunswick) +44 (0)207 404 5959 Emma Peacock/ Susan Turner +44 (0)1245 261 871 Notes to editors ---------------- Britvic is one of the two leading branded soft drinks businesses in the UK and the Republic of Ireland. The Company is the largest supplier of still soft drinks in Great Britain, the faster growing category in the soft drinks market, and the number two supplier of carbonates. Britvic's broad portfolio of leading brands includes established names with high brand recognition such as Robinsons, Tango, J20 and Fruit Shoot. Included within the portfolio are the Pepsi and 7UP brands, which Britvic produces, markets, sells and distributes under its exclusive appointment from PepsiCo which runs until December 2023 in Great Britain and 2019 in Ireland. This brand and product portfolio enables Britvic to target and satisfy a wide range of consumer demands in all major soft drinks categories, via all available routes to market. Cautionary note regarding forward-looking statements ---------------------------------------------------- This announcement includes statements that are forward-looking in nature. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Except as required by the Listing Rules and applicable law, Britvic undertakes no obligation to update or change any forward-looking statements to reflect events occurring after the date such statements are published. Reporting Periods ----------------- Britvic Ireland reports on a monthly basis in comparison to the rest of the Britvic group of companies which report on thirteen 4-week periods. There are no immediate plans to change this reporting structure. -eND- This information is provided by RNS The company news service from the London Stock Exchange

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