Here is a summary of the trading statement from Britvic plc for the third quarter of 2024
For the third quarter ending June 30, 2024, Britvic plc reported strong financial results, with year-over-year revenue growth of 6.3% at constant currency. This performance was driven by positive price/mix and volume growth of 2.2%, despite challenging weather conditions in Europe and tough comparables from the previous year.
In Great Britain, revenue increased by 6.6% with growth in both retail and hospitality channels. Brazil saw exceptional revenue growth of 48.1%, attributed to the existing brand portfolio and the successful integration of the Extra Power acquisition in the energy drink segment. However, Other International revenue decreased by 6.6% due to declines in France and other international markets, offsetting the growth in Ireland.
CEO Simon Litherland expressed confidence in the companys performance, highlighting the strong demand for Britvics brands as they enter the crucial summer trading period. He also emphasized the exciting marketing campaigns planned, positioning the company for an excellent full-year performance.
Britvic plc is an international soft drinks business with a diverse brand portfolio, including well-known names such as Fruit Shoot, Robinsons, and PepsiCo brands. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 index.