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Britvic Delivers 11.2% Revenue Increase In Third Quarter

Britvic has reported an 11.2% increase in revenue, to €504.1 million (£431.1 million), in its third quarter to 30 June 2022.

The soft-drink producer delivered double-digit revenue growth in the period, with volume and pricing growth across its at home business unit.

The revenue growth is reflective of a more 'normalised operating environment' due to the phased lifting of COVID-related restrictions in the same period, the company said.

Commenting on these results, Simon Litherland, chief executive, said, “Year on year performance in the quarter reflects continued resilient demand for our portfolio of trusted, family favourite brands.

"This summer we have a range of exciting marketing campaigns across all our markets, including a major new campaign for Robinsons in GB, and we will also be bringing back the Pepsi MAX taste challenge for the first time since the start of the pandemic."

Revenue Increases 

The Ballygowan and Robinsons owner noted that its Brazil revenue increased 24.3%, as it continued to expand its presence through both core and innovation brands.

Other International markets revenue increased 12.7%, with both Ireland and France in growth in the quarter.

Litherland noted that the company is encouraged by the trading performance year to date, although it expects the uncertain environment to continue to weigh on consumer confidence.

"We remain focused on mitigating the impact of inflationary pressures on our business; soft drinks is a resilient category, within which we have a well-invested business, a flexible operating model and a robust supply chain," he added.

"We are confident in our ability to deliver value for all our stakeholders and a full year performance in line with market expectations.”

Read More: Britvic Delivers Double-Digit Revenue Growth In First Half

© 2022 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. For more drinks news, click here. Click sign up to subscribe to Checkout.

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