Britvic sales jump despite poor weather in Europe

Britvic soft drink brand Tango
FinanceFMCGNews

Britvic sales jumped in the third quarter despite poor weather this year in its European markets.

The soft drinks manufacturer, which owns brands including Robinsons and Tango, saw sales grow 6.6% in Great Britain and 6.3% across the group to £502.9m in the third quarter to 30 June.

Britvic said this “strong” performance was aided by 2.2% volume growth and positive price/mix, as well as “the strength of our portfolio of brands,” according to chief executive Simon Litherland.


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He added: “Encouragingly this was achieved despite poor weather this year and a tough comparable from last year when revenue increased 9.9%.

“Demand for our brands remains strong, as we enter the key summer trading period. We have an exciting programme of marketing campaigns, giving us confidence that we will deliver an excellent full year performance.”

The news comes as Carlsberg has agreed to buy Britvic in a deal worth £3.3bn.

Today (8 July), the soft drinks manufacturer told shareholders that it would recommend the latest offer from Carlsberg, having previously rejected a £3.1bn bid late last month.

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Britvic sales jump despite poor weather in Europe

Britvic soft drink brand Tango

Britvic sales jumped in the third quarter despite poor weather this year in its European markets.

The soft drinks manufacturer, which owns brands including Robinsons and Tango, saw sales grow 6.6% in Great Britain and 6.3% across the group to £502.9m in the third quarter to 30 June.

Britvic said this “strong” performance was aided by 2.2% volume growth and positive price/mix, as well as “the strength of our portfolio of brands,” according to chief executive Simon Litherland.


Subscribe to Grocery Gazette for free

Sign up here to get the latest grocery and food news each morning


He added: “Encouragingly this was achieved despite poor weather this year and a tough comparable from last year when revenue increased 9.9%.

“Demand for our brands remains strong, as we enter the key summer trading period. We have an exciting programme of marketing campaigns, giving us confidence that we will deliver an excellent full year performance.”

The news comes as Carlsberg has agreed to buy Britvic in a deal worth £3.3bn.

Today (8 July), the soft drinks manufacturer told shareholders that it would recommend the latest offer from Carlsberg, having previously rejected a £3.1bn bid late last month.

FinanceFMCGNews

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