Britvic’s full-year results reveal continued growth in the soft drinks market, with overall group revenue up 29.3% to £926.5m (£716.3m - 2006/07), despite the UK soft drinks market falling by 0.8% in volume over the period.
Its revenue in Britain and from international sales also rose 4.8% to £725.8m for the 52 weeks to 28 September 2008, with operating profit up 7.6% to £82m. The results include the first full-year contribution from Britvic Ireland of £200.7m. Chief executive Paul Moody said: "This is a strong performance, achieved despite very challenging trading and cost environments. Conditions in the soft drinks market continue to be tough at the beginning of our new financial year and, given the adverse macro environment, market visibility beyond the short term remains limited."
The company says it is continuing to achieve volume and value share gains by core brands, in particular Pepsi, Robinsons and Fruit Shoot.
"We have broadened our relationship with PepsiCo, with the addition of V Water and Gatorade to our portfolio, and Lipton Iced Tea drinks will be added soon," said Moody.