Q1 Trading Statement

RNS Number : 5775O

Britvic plc

31 January 2019

 

Britvic plc ("Britvic")

Q1 Trading Statement to 23 December 2018

"First quarter in line with expectations"

Trading in the first quarter was in line with our expectations. Reported revenue increased 4.5% to £352.4m and organic constant currency revenue, excluding the soft drink levies, increased 1.5% to £337.3m.

Simon Litherland, Chief Executive, commented:

"We have delivered a solid start to the new financial year, with performance in line with our expectations. Given the resilience of our business, the strength of our portfolio and exciting marketing and innovation plans, we are confident of making further progress in 2019."

For further information please contact:

Investors

Steve Nightingale                              Director of Investor Relations                     [phone]

Media

Kathryn Partridge                              Director of Corporate Relations                  [phone]

Stephanie Macduff-Duncan Senior Corporate Communications Mgr                   [phone]

Stephen Malthouse                           Headland                                                     [phone]

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 group 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.

Quarter One ("Q1") reporting period

Britvic GB, Ireland and Britvic International's first-quarter period runs from 1 October to 23 December 2018. Britvic France, Britvic Brazil and Counterpoint cover the period from 1 October to 31 December 2018. Please note that Britvic Ireland's volume and ARP exclude the sale of third-party factored brands through Counterpoint. 

Next scheduled announcement Britvic will release its interim results on 22 May 2019.

Notes to editors

About Britvic

Britvic is one of the leading branded soft drinks businesses in Europe. The company combines its own leading brand portfolio including Robinsons, Tango, J2O, Fruit Shoot, Teisseire and MiWadi with PepsiCo brands such as Pepsi, 7UP and Lipton Ice Tea which Britvic produces and sells in GB and Ireland under exclusive PepsiCo agreements.

Britvic is the largest supplier of branded still soft drinks in Great Britain ("GB") and the number two supplier of branded carbonated soft drinks in GB. Britvic is an industry leader in the island of Ireland with brands such as MiWadi and Ballygowan, in France with brands such as Teisseire and Pressade and in Brazil with Maguary and Dafruta. Britvic is growing its reach into other territories through franchising, export and licensing. Britvic's management team has successfully developed the business through a clear strategy of organic growth and international expansion based on creating and building scale brands. Britvic is listed on the London Stock Exchange under the code BVIC and is a constituent of the FTSE 250 index.

 

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