• Nine-month net sales up 3% to JPY1.1tn (US$9.64bn)
  • Net profits climb 2% to JPY37bn
  • Operating profits increase 3% to JPY76.8bn
Suntory Beverage & Food said sales for Lucozade and Ribena in the UK were down

Suntory Beverage & Food said sales for Lucozade and Ribena in the UK were down

Sales growth in all regions helped drive a solid nine-month performance for Suntory's soft drinks unit, Suntory Beverage & Food.

Net sales for the division, which controls brands including Tennensui mineral water in Japan and Schweppes in Europe, were up 3% to JPY1.1tn (US$9.64bn). Net profits in the same period climbed by 2%.

Asia was the fastest-growing region for Suntory, with sales up 9% to JPY129.4bn. In Vietnam, where Suntory operates a JV with PepsiCo, sales were up year-on-year, driven by energy drink brand Sting and RTD tea Tea+.

Today, Suntory announced that it was to buy 51% of PepsiCo's Thai beverage unit, International Refreshment, and operate it as a JV with the US soft drinks giant.

Europe sales climbed by 3%, but Suntory warned that Lucozade and Ribena sales in the UK declined in the nine-month period. Suntory bought the brands from UK pharmaceutical firm GlaxoSmithKline in 2014 for US$2.11bn.

Sales in Japan, which accounts for almost two-thirds of SBF's business, were up 2% to JPY688.5bn. Suntory said sales of its Boss coffee brand were up year-on-year as it celebrated its 25th anniversary.

To read Suntory's official results release, click here.

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