Mixed Performance For Britvic Irish Operations In Q3
Published on Jul 30 2014 6:03 AM in Drinks
Revenue at Britvic's Irish operations declined by 2.5% on a comparable basis in Q3, however volume in the quarter increased by 1%, the company has revealed.
Britvic's Irish arm recently changed its accounting periods as part of the integration with the GB operation, so the results are not a direct like-for-like comparison with last year.
The company said that 'Market value share gains have been achieved in both the stills and carbonates categories. The reported revenue in Q3 increased by 9.9% and volume increased by 14.4%, reflecting the seven additional trading days included this year as a result of moving to weekly accounting'.
Its Irish performance is down 4.3% on a comparable basis for the year to date.
Group revenue in the Q3 period, which covered the 12 weeks to July 6, stood at £329.5 million, up 4.1% on a comparable basis, while Q3 volume was up 5.8%. Its UK business grew by 4.6% in the period.
"The business has continued to grow, despite the challenging retail trading and consumer environment in our European markets," said Simon Litherland, Britvic chief executive. "This year’s innovations, including Robinsons Squash’d, have performed well and our consumer marketing campaigns have been highly impactful, including our sponsorship of the Tour De France and the association of Pepsi with football, which helped to deliver an exceptionally strong carbonates performance."