FDBusiness.com

Britvic, the UK-based soft drinks group, increased revenue by 4.9% to £769.2 million – by 1.9% on an organic basis – for the 28 weeks ended 14 April 2019, compared to the corresponding period in the previous year. Adjusted EBIT increased 4.0%, on a reported basis, to £83.7 million, whilst organic adjusted EBIT increased 5.0%. Reported margin declined 10bps while organic adjusted EBIT margin increased by 30bps.

Britvic is nearing the completion of its transformational business capability programme , which forms an important part of its commitment to building a more flexible and sustainable business model.

Simon Litherland, chief executive of Britvic, comments: “I am pleased to report that we have delivered another strong performance in the first half of the year. We have grown organic brand contribution in all our markets and increased group revenue, organic margin and adjusted earnings per share. As we anticipated, the soft drinks levy has benefited our portfolio, accelerating the consumer trend towards our heartland of low and no sugar brands. Pepsi MAX has generated more incremental retail value than any other cola variant, while the rejuvenation of the Robinsons brand continued to deliver both significant revenue and squash category value growth.”

He adds: “In the second half of the year we have a range of exciting marketing and innovation plans, and I remain confident that we will achieve full-year market expectations.”