Britvic revenues grow to €516.5m

Britvic has reported strong gains in pre-tax profits today.

Britvic has reported strong gains in pre-tax profits today.

Revenues grew 9.3 per cent to £353.6 million (€516.5 million), although still drinks reported a slower rise with volumes up 1.7 per cent.

Britvic said it had seen a "pendulum effect" as consumers switched into still drinks last year but have now moved to a more balanced position across the still and fizzy markets.

Britvic said fruit juices had also been hit by a rise in raw materials costs, which had been passed on to the customer.

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Strong promotional activity saw Pepsi continue to make market share gains, with a 23.5 per cent share of the cola market during the period, while Robinsons maintained its number one position in the squash sector.

The group said its international business achieved an improved performance following the successful launch of Robinsons in Sweden and Denmark, which led to the roll-out of the squash brand in Finland earlier this month.

Britivic recently acquired the soft drinks business of C&C, including Ballygowan.

PA