Britvic plc (BVIC ) 1st Quarter Results 26-Jan-2023 / 07:00
GMT/BST Dissemination of a Regulatory Announcement, transmitted by
EQS Group. The issuer is solely responsible for the content of this
announcement.
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Britvic plc
LEI: 635400L3NVMYD4BVCI53
26 January 2023
Britvic plc ("Britvic")
Q1 Trading Statement to 31 December 2022
"Robust start to the year, trading in-line with our
expectations"
In the first quarter, Group revenue increased 7.3% to GBP411m on
a constant currency basis (reported +9.9%) versus last year and was
in-line with management expectations.
Highlights
-- Robust group revenue growth driven by price/mix, partly
offset by an anticipated volume decline
-- Strong Christmas trading, with December revenue +9.0%, led by
GB +13.8%
-- Strong quarter for GB, with revenue up +9.8% delivered across
both retail and hospitality channels
-- Modest decline in Brazil revenue of -0.4% reflecting a focus
on price/mix to deliver a significantimprovement in YoY margin in
Q1
-- Other International revenue up +3.5% led by Ireland and
strong price/mix. France broadly flat with price/mix growth offset
by a volume decline
Interim results, for the six months ending 31 March 2023 will be
announced on 16 May 2023.
Commenting on these results, Simon Litherland, Chief Executive,
said:
"Our performance in the first quarter was robust and in-line
with our expectations. Our portfolio of trusted, family favourite
brands offer great value and continue to resonate strongly with
consumers. We have continued to take decisive action to mitigate
the impact of cost inflation with disciplined revenue management
and a relentless focus on cost efficiency, to protect profit and
margin.
"We have strong plans in all our markets and categories,
including a brand refresh for Robinsons, pack and flavour
innovation, as well as exciting marketing campaigns. Britvic is a
well-invested business, with an agile supply chain and a capable
and highly engaged team, which positions us well for the
future."
For further information please contact:
Investors:
Joanne Wilson (Chief Financial Officer) +44 (0) 121 711 1102
Steve Nightingale (Director of Investor Relations) +44 (0) 7808 097784
Media:
Steph Macduff-Duncan (Head of Corporate Communications) +44 (0) 7808 097680
Stephen Malthouse (Headland) +44 (0) 7734 956201
About Britvic
Britvic is an international soft drinks business rich in history
and heritage. Founded in England in the 1930s, it has grown into a
global organisation with 37 much-loved brands sold in over 100
countries. The company combines its own leading brand portfolio
including Fruit Shoot, Robinsons, Tango, J2O, London Essence,
Teisseire and MiWadi with PepsiCo brands such as Pepsi, 7UP and
Lipton Ice Tea which Britvic produces and sells in Great Britain
and Ireland under exclusive PepsiCo agreements.
Britvic is the largest supplier of branded still soft drinks in
Great Britain and the number two supplier of branded carbonated
soft drinks in Great Britain. Britvic is an industry leader in the
island of Ireland with brands such as MiWadi and Ballygowan, in
France with brands such as Teisseire, Pressade and Moulin de
Valdonne and in its growth market, Brazil, with Maguary, Bela
Ischia and Dafruta. Britvic is growing its reach into other
territories through franchising, export, and licensing.
Britvic is a purpose driven organisation with a clear vision and
a clear set of values. Our purpose, vision and values sit at the
heart of our company, driving us forward together to create a
better tomorrow. We want to contribute positively to the people and
world around us. This means ensuring that our sustainable business
practices, which we call Healthier People, Healthier Planet, are
embedded in every element of our business strategy.
Britvic is listed on the London Stock Exchange under the code
BVIC and is a constituent of the FTSE 250 index. Find out more at
Britvic.com
Cautionary note regarding forward-looking statements
This announcement includes statements that are forward-looking
in nature. Forward-looking statements involve known and unknown
risks, uncertainties and other factors because of the COVID-19
pandemic, which may cause the actual results, performance, or
achievements of the Group to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Except as required by the Listing
Rules and applicable law, Britvic undertakes no obligation to
update or change any forward-looking statements to reflect events
occurring after the date such statements are published.
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ISIN: GB00B0N8QD54
Category Code: QRF
TIDM: BVIC
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 218420
EQS News ID: 1543715
End of Announcement EQS News Service
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