Blog: Sun shines on Britvic results
Michelle Russell | 23 July 2010
Britvic recorded an increase in third-quarter sales this morning and insisted it remains confident of meeting market expectations for its full financial year.
No doubt the summer sunshine has had a positive impact on Britvic’s figures, as it has done for most soft drinks firms this year.
Official figures show that the UK has experienced its hottest June this year since 1975, while the north-west has experienced its driest period since 1929.
Of course, this is sweet music to the ears of UK soft drinks firms and bottled water producers, yet there are likely to be other factors boosting the Tango and Robinsons maker’s group profits.
In May, Britvic submitted a binding offer to acquire independent French soft drinks maker Fruité Entreprises for EUR237m (US$294m). Britvic said the deal will provide it with an entry point into the attractive French soft drinks market, which had a value of EUR12.5bn in 2009.
Britvic France, the newly-created division comprising Fruité, contributed sales of GBP23.2m for the month of June.
Add to that Britvic’s good track record in the UK with Pepsi brands and it was inevitable the firm would release sparkling results.
Yet, as I sit here writing this blog and a dark cloud passes over, I hope, for Britvic’s sake at least, that the summer holds out a little longer.
Major wine players flocked to China ready for online giant Alibaba's 9.9 Global Wine and Spirits Festival, which took place on 9 September....
In May, Heineken's CEO, Jean-François van Boxmeer, called Vietnam the "poster child" for international beer thanks to strong demographics and growing demand....
Heineken is known for its flashy adverts. Now the brewer has given the star treatment to a new recruitment drive with a glamorous and highly-persuasive ad that, quite frankly, had the staff here at...
Move over iPhone 7 headphones-gate, there is a new Apple product causing a stir. Or a shake. Or just a shot....
- How the can has a part to play in beer's future
- What do US wholesalers think of spirits trends?
- Experienced hands hold firm at CCEP - Analysis
- It isn't just men who like beer - Comment
- Why sports drinks fail to ride the Olympic wave
- Diageo Australia's commercial head to step down
- Stoli Group CEO Rob Cullins to step down
- William Grant sees 2015 sales, profits lift
- Diageo reveals revival plan for former factory
- Jose Cuervo applies to go public
- Global gin insights - market forecasts, product innovation and consumer trends
- The Next Seven Big Beverage Markets
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends
- Global rum insights - market forecasts, product innovation and consumer trends
- Global RTD insights - market forecasts, product innovation and consumer trends