24th Jul 2019 09:02
(Alliance News) - Soft drinks producer Britvic PLC on Wednesday reported a slight year-on-year fall in its third quarter revenue but reported growth in its British operations despite the market "declining".
In the three months to July 7, excluding the UK's sugar tax and soft drinks levies, the company expects a total group revenue fall of 1.5% to GBP360.1 million. last year, including proceeds from levies, it made GBP366.9 million in the third quarter.
Britvic said revenue in Great Britain grew even though the market fell "in value and volume" and its operations Brazil and internationally delivered "strong growth" in its third quarter.
The company said performances in Ireland and France, the latter which like Brazil ended its third quarter on June 30, remained "more challenging".
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."
Shares in Britvic were 0.3% lower at 882.00 pence in London on Wednesday.
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