Britvic
plc
LEI:
635400L3NVMYD4BVCI53
25 January
2024
Britvic plc
("Britvic")
Q1 Trading Statement to 31 December
2023
"Positive start to the year with strong
Christmas trading"
Simon
Litherland, Chief Executive Officer commented:
"We are pleased with such a positive start to
the year. Our performance in the first quarter was strong and
in-line with our expectations, as we continue to offer consumers
value as well as great taste, with our portfolio of family
favourite soft drinks brands. We have exciting plans for the year
ahead across our markets, with new innovations and engaging
marketing activations, including Pepsi's first brand refresh in 14
years.
"More broadly, Britvic is a well-invested
business, with a clear growth strategy. We remain confident of
achieving growth this year within the range of market expectations,
as well as continuing our track record of delivering superior
returns longer term."
|
To 31 December 2023
|
YOY Growth (at constant
currency)
|
|
|
Revenue
|
Group
|
GB
|
Brazil
|
Other International
|
|
Q1
|
£443.5m
|
+8.1%
|
+6.9%
|
+21.0%
|
+6.0%
|
In the first quarter, trading was in-line with
management's expectations with Group revenue increasing 8.1%
to £443.5m on a constant
currency basis (reported +7.9%) and volume +1.7% versus last year.
Performance
highlights
·
Like-for-like Group revenue growth with both positive
price/mix and volume growth.
o Robust quarter
for GB, with revenue +6.9%
and both retail and hospitality channels in growth.
o Strong growth
in Brazil with revenue +21.0% including benefit of recent
acquisition.
o Other
International markets revenue +6.0%, led by Ireland revenue
+12.5%. France revenue
+1.1%, with strong
price/mix, offsetting a volume decline.
·
Strong December trading, with Group revenue +12.1% and volume +6.4%, benefiting from like-for-like
growth and recent acquisitions.
Interim results, for the six months ending 31
March 2024 will be announced on 15 May 2024.
For further
information please contact:
|
Investors:
|
|
|
Rebecca Napier (Chief Financial
Officer)
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+44 (0) 121 711 1102
|
|
Steve Nightingale (Director of Investor
Relations)
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+44 (0) 7808 097784
|
|
Media:
|
|
|
Steph Macduff-Duncan (Head of Corporate
Communications)
|
+44 (0) 7808 097680
|
|
Stephen Malthouse (Headland)
|
+44 (0) 7734 956201
|
About
Britvic
Britvic is an international soft
drinks business, rich in history and heritage. Founded in England
in the 1930s, it has grown into a global organisation with 39
much-loved brands sold in over 100 countries. The company combines its own leading
brand portfolio including Fruit Shoot, Robinsons, Tango, J2O,
London Essence, Jimmy's Iced coffee, Teisseire and MiWadi with
PepsiCo brands such as Pepsi, 7UP and Lipton Ice Tea which Britvic
produces and sells in Great Britain and Ireland under exclusive
PepsiCo agreements.
Britvic is the largest supplier of
branded still soft drinks in Great Britain and the number two
supplier of branded carbonated soft drinks in Great Britain.
Britvic is an industry leader in the island of Ireland with brands
such as MiWadi and Ballygowan, in France with brands such as
Teisseire, Pressade and Moulin de Valdonne and in its growth
market, Brazil, with Maguary, Bela Ischia and Dafruta. Britvic is
growing its reach into other territories through franchising,
export, and licensing.
Britvic is a purpose-driven
organisation with a clear vision and a clear set of values. Our
purpose, vision and values sit at the heart of our company, driving
us forward together to create a better tomorrow. We want to
contribute positively to the people and world around us. This means
ensuring that our sustainable business practices, which we call
Healthier People, Healthier Planet, are embedded in every element
of our business strategy.
Britvic is listed on the London Stock
Exchange under the code BVIC and is a constituent of the FTSE 250
index. Find out more
at
Britvic.com
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.