Britvic’s interim results have revealed strong revenue growth for the company. The results for the 28 weeks ended 13 April 2008 show revenue is up by 28.6% to £454.7 million, and profit after tax has increased by 19.3% to £13m.
Internationally the soft drinks group, which supplies Tango and Pepsi in the UK, grew revenue by 1.9% to £355.2m. The figures include the first full 28-week contribution from Britvic Ireland, which contributed revenues of £99.5m.
Chief executive Paul Moody said it has been “a period of modest growth” in the first half of the year for the overall soft drinks market, with growth evident in the start of the second half.
“We are well positioned to drive group earnings growth through brand and product expansion, innovation, a continued close focus on cost control and the realisation of the benefits of the outsourcing of retail distribution,” said Moody.
“Britvic has delivered a resilient performance in the first half, with market share gains across the majority of our brands. This is a positive result given the challenging trading environment. The board remains confident that we will deliver on our full-year expectations.”