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UK: Positive outlook from Cadbury Schweppes

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Cadbury Schweppes has issued a positive trading statement. The company, which is holding its AGM today (19 May), said that it has made a good start to the year with sales momentum in both soft drinks and confectionery.

"We have made a good start to the year with continued sales momentum in our beverage and confectionery businesses," said CEO, Todd Stitzer. "Margins in the first half are forecast to be broadly unchanged despite increased investment in growth and some above inflation cost increases. For the full year, we continue to expect to deliver results within our goal ranges."

The company reported that, in the US, its carbonated soft drinks business was continuing to perform well, led by Dr Pepper and its diet brands. Volumes of non-carbonated brands in the US, notably Snapple and Mott's, were also improving, although the initial investment in supporting this growth has been significant, the company added.

The group's operations in Mexico and Australia were said to be producing "strong results," while European operations had made a satisfactory start to the year.

The company will announce its interim results for 2005 on 26 July.


Sectors: Soft drinks

Companies: Cadbury

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