FDBusiness.com

Britvic on Track With £240 Million Transformational Investment Programme

 Breaking News
  • Record High Number of New UK-based Wine Producers Opening The number of new wine producers opening within the UK in a year hit a record high last year with 80 new wine producers starting up – a rise of 25% from 64 in 2016, and more than double the 36 that opened five years ago, according to research by chartered accountants UHY Hacker Young [...]...
  • Mondelēz International Names New Chief Financial Officer Mondelēz International has announced that Luca Zaramella, Senior Vice President of Corporate Finance and a 20-year veteran of the company, will become EVP, Chief Financial Officer (CFO), effective August 1, 2018. As CFO, Zaramella will be responsible for the oversight of the company’s global Finance, Information and Technology Solutions and shared services functions. He will report directly [...]...
  • We’ll Pay Extra For More Protein, Say South American Consumers Nearly two thirds of shoppers in South America are willing to pay extra for a food or beverage product that is higher in protein, according to a survey commissioned by Arla Foods Ingredients. Researchers from Lindberg International asked 4,000 consumers in Argentina, Brazil and Colombia if they would spend more on buying a product if it [...]...
  • Nestlé and XPO Logistics Build a Digital Warehouse of the Future in the UK Nestlé, the world’s largest food and drink company, and XPO Logistics, a leading global provider of transport and logistics solutions, are co-creating a 638,000-square-foot distribution center at the new SEGRO East Midlands Gateway Logistics Park in Leicestershire, UK. The facility, a digital warehouse of the future, will be occupied predominantly by Nestlé for its consumer [...]...
  • Bord Bia’s 2018 Brexit Barometer Results The Irish Government has launched the Bord Bia 2018 Brexit Barometer, a comprehensive survey of 117 Irish food, drink and horticulture companies, representing 48% of the sector’s exporters to the United Kingdom. Over 100 senior industry representatives attended the launch in Bord Bia to hear the report findings. The purpose of the Brexit Barometer is to assess [...]...

Britvic on Track With £240 Million Transformational Investment Programme

Britvic on Track With £240 Million Transformational Investment Programme
December 01
15:59 2016

Britvic, UK soft drink group with a growing international presence, has reported strong results for the 53 weeks ended 2 October 2016 with revenue rising by 10.1% to £1.431 billion, compared to the prior year, and pre-exceptional EBITA up 8.4% to £186.1 million. On a like-for-like basis, revenue increased by 0.4% to £1.322 billion and pre-exceptional EBITA by 3.8% to £178.8 million

Britvic sold over 2.3 billion litres of soft drinks during the period – an increase of 12.3% on the previous year – with Average Realised Price (ARP) of 59.2p, declining by 3.3%.

Britvic reported an outstanding year for its Great Britain Carbonates business, with like-for-like revenue growth of 5.3%, but its Stills business faced major challenges but showed improvement in the second half. Britvic also enjoyed an excellent first year in Brazil with its Fruit Shoot brand now launched in Sao Paulo and continued to make progress in the USA, where Fruit Shoot is available in multi-pack.

BritvicProductionLast year, Britvic announced a transformational three-year investment programme to deliver increased supply chain flexibility and efficiency with a minimum 15% EBITDA return. Britvic expects that the net capital investment in the programme will be around £240 million. The first year of investment into the supply chain in Great Britain is on track and Britvic has identified opportunities in Ireland and France. In 2016, Britvic commissioned its first new large PET line and on site warehousing in Leeds. It also made significant progress on the installation of three new can lines in Rugby. These will be fully operational in spring 2017 and will start to deliver significant cost and commercial benefits as Britvic heads into 2018.

Simon Litherland, chief executive of Britvic.

Simon Litherland, chief executive of Britvic.

In 2017, Britvic will commence the next phase of its investment programme, with a new PET line in London, as well as new aseptic lines in Rugby and in France. In Ireland, Britvic plans changes to its distribution model, outsourcing all warehousing and distribution to increase capacity and reduce cost.

Simon Litherland, chief executive of Britvic, comments: “Britvic has delivered another strong set of results in challenging market conditions. In our core markets, we continued to take market share with a particularly strong carbonates performance. Internationally, we have had an excellent first year in Brazil and Fruit Shoot continued to grow in France, USA with the launch of multi-pack, and latterly in Brazil following its recent launch in Sao Paulo.”

He continues: “We are confident we will mitigate inflationary input costs through a combination of revenue management activities and internal cost saving initiatives. The new financial year has started well and although 2017 will be another challenging year, we expect to deliver pre-exceptional EBITA in line with current market expectations.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 25, 2018Packaged., The 7th Global Summit
  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements