• Net sales forecast to grow 2% to GBP1.3bn (US$2.1bn)
  • FY volumes up 2% to 2.1bn litres
  • Weaker final quarter fails to dent 2014 growth
Britvic will release its FY results on 26 November

Britvic will release its FY results on 26 November

Britvic is set to post a full-year sales and profits increase despite a tough Q4 that saw its European units struggle against a strong comparable from last year.

In a trading update today, ahead of full results next month, Britvic said that net sales increased by 2% to GBP1.3bn (US$2.1bn) in the 52 weeks to 28 September. Volumes were also up by 2%, to 2.1bn litres, in the same period.

The company said it maintains its forecast from last year that it will post EBIT in the region of GBP148m-156m, up from GBP135m in FY 2014.

Fourth-quarter performance was largely negative, with overall sales down 6% and volumes decreasing by 7.5%. The company blamed strong results in the same period last year when a hot summer in Europe boosted demand

In Ireland's Q4, sales dropped by 18.5%, taking full-year declines down by 6.5%. France sales decreased by 18% in the quarter, and by 1% for the full year.

Britvic's core market the UK, which accounts for about three-quarters of sales, also suffered in Q4, with sales down 2%. Full-year sales were up by 3%.

Britvic this year increased distribution of its Fruit Shoot brand in the US to all 50 states, and its international unit increased sales by 31% in Q4 and by 16% in the full year.

CEO Simon Litherland said: “We have delivered a strong performance despite the poorer summer weather and the continued challenging trading environment.”

Britvic will release its FY results on 26 November.

Its share price was up by 2.3% as of 10am today.

To read the company's full results, click here.