UK: Britvic posts increase in Q3 sales
Britvic is confident of meeting market expectations for the full financial year
Britvic has recorded an increase in third-quarter sales and said it remains confident of meeting market expectations for its full financial year.
For the three months to 3 July, net sales amounted to GBP289.5m (US$445.5m), representing a 16.2% increase on the prior year, Britvic said this morning (23 July).
UK and international sales in the quarter grew by 6.6% to GBP223.2m, while Britvic France, the newly-created division comprising Fruité Entreprises, contributed sales of GBP23.2m for the month of June. The acquisition completed at the end of May.
The firm’s UK carbonated market experienced an increase of 13.8% in volumes and 13.2% in value.
The UK stills market however, declined 0.7% in volumes and 1.4% in value terms, which Britvic said reflected a “challenging quarter” for its single-serve still products in licensed on-premise.
Britvic Ireland saw volumes increase 15%, while sales were up 13.1%.
In the firm’s international markets, volumes rose 18.6% and sales 13.4%.
Company chief executive Paul Moody said: “In the third quarter, Britvic has demonstrated robust top-line growth across GB, international and Ireland. We continue to remain cautious about consumer sentiment in our trading territories, but as a result of our strong performance in the quarter and in the year to date, the board remains confident of meeting current market expectations for the full 2010 financial year.”
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