Britvic plc
31 January 2007
Britvic plc ('Britvic') AGM Trading Update - 31 January 2007
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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 24 December 2006:
'Britvic today reports that the improving trends highlighted at the time of the
Preliminary Results continued through the balance of the first 12 weeks of the
current financial year, with total branded revenue growth of 4.8% compared with
the same period last year, comprising stills growth of 6.8% and carbonates
growth of 2.4%.
In stills, Britvic out-performed the market during the period, reflecting good
performances from J20 (attributable in part to the successful reintroduction of
the Orange and Passion Fruit variant), Robinsons squash, and Fruit Shoot H2O
which also further strengthened its position as market leader in the children's
water category.
Britvic out-performed in carbonates as well, maintaining its volumes in a market
that declined by 2.6%, primarily as a result of further market share gains by
Pepsi. In addition, Britvic's Average Realised Price increased, driven by our
continued focus on promotional spend, against a period last year when there was
significant margin pressure.
Britvic's International business achieved improved results, with distribution
gains in both Sweden and Denmark.
In the early weeks of 2007, our trading has continued in line with the trend
seen before Christmas. While this is encouraging for carbonates, we remain
cautious regarding the outlook for this category given the continued consumer
focus on health and well-being. Britvic is well placed to benefit from the
anticipated growth in the stills market thanks to the strength of its existing
brands and product portfolio. Its position will be further improved by a number
of new product launches, such as Robinsons Smooth Juice and Fruit Shoot 100%
Juice, scheduled for the second half of the financial year.'
For further information please contact:
Investors:
John Gibney / Jo Guano +44 (0)1245 504 330
Media:
Britvic main switchboard +44 (0)1245 261 871
David Lewis +44 (0)7834 963138
Julian Mears +44 (0)7834 962542
Notes to editors
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Britvic is one of the two leading soft drinks businesses in Great Britain.
Its broad portfolio of leading brands includes established names with high brand
recognition such as Robinsons and Tango and highly successful innovations such
as 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. 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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