Britivic's Irish Revenues Rise
Published on Jan 30 2014 4:02 PM in General Industry
Soft drinks manufacturer Britvic has reported positive trading in the first quarter of the year. The Group reported a 1.3% global increase in its quarterly revenue to £311.8 million.
Despite the current challenging consumer environment, the drinks producers said revenue rose 2.8% in the 12 weeks to 22 December - at constant currency exchange rates. It said it is on track to deliver full-year earnings in line with previous forecasts of £148-£156 million.
The Group, which owns Ballygowan here, saw Irish revenues increase by 2.1%, as demand in pubs and shops grew. “We delivered a robust Q1 performance in each of our core markets despite a challenging consumer environment,” said CEO Simon Litherland.
“We continued to make good progress implementing our new strategy and remain on-track to deliver our cost reduction initiatives.”