FDBusiness.com

Britvic Grows Revenue and Profit

 Breaking News
  • Sysco Grows European Business Sysco Corporation is to acquire Kent Frozen Foods, a successful UK-based food service distributor with revenue in the year ended 31st December 2016 of £47 million. The acquisition, which is conditional upon approval from the Competition and Markets Authority, will see Kent Frozen Foods join Sysco’s other UK businesses, including Brakes, Fresh Direct and M&J [...]...
  • Nestlé Nominates Three New Independent Directors to its Board Nestlé has announced that it proposes Pablo Isla, Chief Executive Officer of Inditex; Kasper Rorsted, Chief Executive Officer of adidas; and Kimberly A. Ross, former Chief Financial Officer of Baker Hughes, for election to its Board of Directors. The elections will take place at the company’s Annual General Meeting on April 12, 2018. At that time, three current directors, [...]...
  • Increased Funding For Promoting Europe’s Agricultural Products The European Commission has launched the calls for proposals for programmes to promote European agricultural products throughout the world and within the EU. A total of €169 million is available to co-finance the programmes, up from €142 million in 2017. Programmes can cover a wide range of issues from general campaigns on healthy eating to [...]...
  • The Coca-Cola Company Announces New Global Vision to Help Create a World Without Waste The Coca-Cola Company has announced that it is fundamentally reshaping its approach to packaging, with a global goal to help collect and recycle the equivalent of 100% of its packaging by 2030. This goal is the centerpiece of the Company’s new packaging vision for a World Without Waste, which the Coca-Cola system intends to back with a multi-year investment that [...]...
  • Partnership that Mitigates Cross Contamination Fits Like a Glove Two world leaders in their respective fields have combined their expertise to create Europe’s first bona fide antimicrobial nitrile gloves. Unigloves new Fortified single use gloves incorporate silver ion technology from BioCote®, which has been scientifically proven to destroy 90% of bacteria within just 15 minutes and 99.5% in only two hours – BioCote is also proven effective [...]...

Britvic Grows Revenue and Profit

Britvic Grows Revenue and Profit
November 27
15:55 2013

UK and international soft drinks group Britvic has reported strong operating profit growth of 18.4% to £137.9 million on revenue up 4.4% to £1.32 billion for the year ended 29 September 2013. Britivic is continuing to pursue its new development strategy, launched last May, and remains on course to deliver £30 million of cost savings per annum by 2016, £10 million of which will be invested into the international growth opportunities, especially in the US, where a new agreement with PepsiCo Americas Beverages (PAB) should lead to significant additional expansion.

In GB stills, the Fruit Shoot brand has recovered from the impact of the recall in July 2012 with its take-home market share at the end of the financial year back to pre-recall levels. Brand perception measures, such as “Brand you love” and “Happy to give to your child”, have also recovered from the low point of 2012.

Within the highly competitive GB carbonates sector, Britvic managed to protect its volume whilst growing both price and revenue. Pepsi again gained market value share, building on its gains in 2012.

Britvic also continued to develop its international business. In the US, Fruit Shoot distribution has been expanded to 32 states and the new agreement with PAB will see the brand available in 41 states next year. Similarly, an agreement with PepsiCo South West Europe has facilitate the roll-out of Fruit Shoot in Spain.

In France, Britvic’s syrups brands continued to perform well and gained further market share. Fruit Shoot successfully returned to the market and is performing ahead of where it was pre-recall.

In Ireland, Britvic’s own brands increased market share, despite the difficult trading conditions.

Simon Litherland, chief executive of Britvic.

Simon Litherland, chief executive of Britvic, comments: “We have delivered a strong financial performance in a year of significant change for our business. We have grown revenue and price in all of our business units and gained market value share, resulting in operating profit growth in excess of 18%. We have also reduced debt by nearly 10%, on the back of improved free cash flow generation.”

He adds: “While we anticipate that the consumer environment will remain challenging in 2014, trading in the new financial year is slightly ahead of a strong first quarter performance last year and we are confident of delivering EBIT in the range of £148m to £156m for the full year.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • January 19, 2018International Green Week
  • January 20, 2018Sigep Rimini
  • January 24, 2018International Bulk Wine and Spirits Show (IBWSS)
  • January 28, 2018ProSweets Cologne (Int'l Sweets and Biscuits Fair)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements