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Britvic On Target To Hit £148m+ In Full Year Earnings

Drinks group Britvic will likely reach earnings of £148-156 million for its full year earnings before tax and interest. According to the company’s interim statement, group revenue increased 3% in the first quarter ending December 22, 2013. 

Britvic’s Irish operations saw revenue growth of 2.1% while the UK operations grew by 1.5%. Revenues for Britvic’s international unit generated growth of 5.6%, and in France alone were up by 4.8% in the period. 

Britvic CEO Simon Litherfield said that trading for the start of the second quarter is already ahead of last year. "We delivered a robust first quarter performance in each of our core markets despite a challenging consumer environment. We continued to make good progress implementing our new strategy and remain on-track to deliver our cost reduction initiatives as planned this year."

© 2013 - Checkout Magazine by Genna Patterson

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Enjoy the most important stories from the world of Irish grocery retail, curated for you by our team of experts every week.
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