Drinks manufacturer Britvic reports an increase in its revenue to €544.5m

KYLEMORE drinks manufacturer Britvic has reported a 9.9 per cent increase of revenue, to €544.5m in the three months to June.

In a trading update this week, the business behind Ballygowan, J20 and Mi Wadi, said it delivered a “robust” third-quarter performance, on the back of volume growth and a positive price/mix.

Britvic, which also owns Club and TK, said its full-year revenue is anticipated to be within the range of current market expectations.

The company’s international revenues grew by a total of 13.3 per cent. Growth was particularly strong in Britain, up 10.1 per cent, although it dropped by 1.9 per cent in Brazil.

It also noted that its revenue in Ireland benefited from positive price/mix and volume growth, while a strong price/mix more than offset soft volumes in France.

The revenue growth in Britain was partially attributed to the company’s acquisition of Jimmy Iced Coffee, which had its revenues increase by 15.3 per cent year on year.

Britvic has also made a significant acquisition in Brazil, purchasing Extra Power which has a 42 per cent market share in its core regions near Brasilia.

Simon Litherland, chief executive of Britvic, said: “Consumer demand for our portfolio of leading family favourite brands remains buoyant ahead of the key summer trading period, as we continue to offer consumers great quality and value at affordable prices. We expect to deliver full year revenue and profit within the range of current market expectations.”

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