Britvic Reports Growth Of 6.5% For Q3 2017
Britvic has reported third quarter revenue of £384.6 million (approximately €431 million). This represents an increase in constant currency of 6.5% on the previous year.
Volume in the period also increased by 2.3%, while ARP increased 2.9%. Organic revenue, excluding the recent acquisition of Bela Ischia, increased 4.5% with volume and ARP ahead of the prior year.
In the Irish market along, revenue increased 10.6%, which Britvic says was driven by its wholesale business Counterpoint, which was boosted by the recent acquisition of East Coast Suppliers.
Simon Litherland, Chief Executive of Britvic commented on the results, "Our business is in good shape, we have continued to execute our strategic priorities and deliver a robust performance, whilst taking proactive action to successfully mitigate external headwinds.
"Trading in the third quarter has been strong with group volumes, ARP and revenue ahead of last year, driven by a range of factors including our focus on growth channels, successful revenue management, delivery of our business capability programme and favourable weather."
He added that, "Looking ahead to the full year, we remain confident that EBITA will be in line with current market expectations despite challenging comparatives for the fourth and largest quarter and a mixed economic backdrop."
© 2017 - Checkout Magazine by Jenny Whelan