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Britvic sees sales slip in third quarter - trading update

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Britvic has seen its sales go into reverse, with the group's fiscal third-quarter recording a drop following H1's top-line increase.

As well as handling UK bottling for PepsiCo, Britvic also owns two juice divisions in Brazil

As well as handling UK bottling for PepsiCo, Britvic also owns two juice divisions in Brazil

In a trading statement earlier today, the UK-based soft drinks said sales in the three months to 7 July came in 1.5% down on the corresponding quarter last year, totalling GBP360.1m (US$448.2m). The performance follows a fiscal first-half in which Britvic's top-line was up by just under 2%.

The update flagged sales increases in Britvic's home market - "despite the market declining in value and volume" - with Brazil and the International reporting regions both delivering "solid" performances.

In France and Ireland, however, the group said it suffered a "further softening" in the three months.

Brand-specific details were not present in the short statement.

CEO Simon Litherland

"Overall, we have delivered a solid performance against a more challenging backdrop in quarter three. We remain confident of achieving market expectations for the full year, underpinned by the strength of our brand portfolio, exciting commercial plans and a tight focus on cost control."

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Sectors: Company results, Soft drinks, Water

Companies: Britvic

Expert Analysis

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