FDBusiness.com

Britvic on Track With £240 Million Transformational Investment Programme

 Breaking News
  • Firmenich Launches Advanced Natural Flavour Solutions For High Protein Beverages Firmenich, the world’s largest privately-owned company in the flavour and fragrance industry, has officially launched its Protein Shield Flavors, a new line of natural flavour solutions aimed to help developers address the challenges they face when creating beverage products with high protein content. “These natural solutions confirm Firmenich’s deep commitment to advancing health and wellness,” says Chris [...]...
  • JDE Invests Heavily in Kenco Coffee Company Rebrand Jacobs Douwe Egberts (JDE) Professional has unveiled a fresh, new brand positioning for Kenco The Coffee Company, complete with a bold new logo and pack design. The new design brings to life the heritage, passion and expertise behind the well-loved brand, helping to further boost value and volume growth across the sector. The Kenco brand is [...]...
  • ABP Food Group in £22 Million Renewable Energy Project A £22 million investment by ABP Food Group’s renewable division in a green energy plant will produce enough sustainable energy to power the equivalent of 12,000 homes. ABP’s renewables division, Olleco, has just opened the new 15 MW Anaerobic Digestion facility in Aylesbury, Buckinghamshire. The ABP Food Group facility is located adjacent to the Arla dairy, [...]...
  • How Steel Packaging Contributes to Saving Food A new film from APEAL, the Association of European Producers of Steel for Packaging, has been launched to highlight the unique preservation qualities of steel packaging. Having recently welcomed the European Parliament’s (EP) initiative report – Resource efficiency: reducing food waste, improving food safety – APEAL is increasing its own efforts to drive improvements in managing food waste [...]...
  • New Website Brings Easy Access to Food Processing Equipment Interfood Technology has launched a new website to provide an easy-to-use resource for sourcing the latest in food technology and processing equipment. The site has been introduced to coincide with the company’s relocation to new, larger premises and marks another significant investment in Interfood’s development. The main reasons behind the complete revamp from the company’s previous [...]...

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

  • October 19, 2017PMA Fresh Summit 2017
  • October 21, 2017Food & Nutrition Conference & Expo 2017
  • October 22, 2017Serbotel
  • October 22, 2017Natexpo
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements