Britvic Ireland Posts Growth Of 3.3% In Its Preliminary Results
Britvic Ireland has posted a driven volume growth of 3.3%, according to its preliminary results, for 52 weeks ended 1 October 2017.
The report indicated that the groups revenue of £164.7 million is up 14.1% on a constant currency basis (25.1% on an actual exchange rate basis).
2017 has seen continued success for Britvic Ireland, which the group has attributed to growth in both its own brand portfolio and the Counterpoint wholesale business.
"Britvic has again demonstrated the resilience of our business, delivering another strong set of results. We have grown both organic revenue and margins whilst continuing to progress our strategic priorities." Simon Litherland, chief executive officer said.
"I am particularly encouraged that we have increased the proportion of revenue generated from innovation and accelerated the returns from the business capability programme.
Stills Brands Portfolio
Other highlights indicate that Britvic Ireland’s owned brand growth was led by the stills portfolio, particularly Ballygowan and MiWadi which celebrates its 90th anniversary as well as the range of low and no sugar products available, which it brought to the market five years ago.
The drinks giant noted that the backdrop of continually 'evolving consumer trends, sugar tax and increasing cost pressure, Britvic Ireland will continue to pursue its innovation strategy to deliver sustainable growth'.
"While April 2018 brings uncertainty with the introduction of the Soft Drinks Industry Levy in GB and Ireland, we are well placed to navigate it thanks to the strength and breadth of our brand portfolio and our exciting marketing and innovation plans."
© 2017 - Checkout Magazine by Donna Ahern