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Britvic (BVIC)

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France and Ireland weigh as Britvic's Q3 revenue slips

24 Jul 19

LONDON (ShareCast) - (Sharecast News) - Soft drinks maker Britvic reported a dip in third-quarter revenue on Wednesday but said it was still confident of delivering on full-year market expectations.
In a brief trading update, the group said revenue fell 1.5% from last year at constant currency and excluding the impact of the soft drinks levy to 360.1m.

The Robinsons maker said revenue in GB grew despite the market declining in value and volume. In Brazil and international markets, it continued to deliver "solid" revenue growth, but its performance in France and Ireland "remained more challenging" with a further softening since the half-year.

Chief executive Simon Litherland said: "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."

At 0820 BST, the shares were down 0.1% at 883.50p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.


Market Data

Currency UK Pounds
Price 976.00p
Change Today 11.00p
52 Week High 979.11p
52 Week Low 745.00p
Volume 992,519
Shares Issued 265.46m
Market Cap 2,590.91m


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