Soft drinks maker Britvic may target Northern Europe with its acquisition plans, according to analysts.
The UK’s largest soft drinks firm said in November that it was eyeing acquisitions as it looks to build on strong sales and profits momentum in its most recent fiscal year.
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A 23% rise in pre-tax profits, strong cashflow and healthy sales in the year to 27 September put Britvic in expansive mood, with finance director John Gibney telling analysts: “We know where we would like to go, but it depends on current incumbents to actually engage in the deal.”
He declined to comment on possible targets.
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