FDBusiness.com

Britvic Shows Resilience

 Breaking News
  • Ardgowan Unveils Plans For Inverclyde Distillery Ardgowan Distillery has revealed ambitious designs for its new £12 million distillery which is being built on the Ardgowan Estate near Inverkip, 30 miles west of Glasgow. The plans showcase the flagship building which has just secured revised planning consent from Inverclyde Council. The striking new design, by Michael Laird Architects, brings a number of improvements [...]...
  • HKScan Launches Exports of Finnish Poultry Products to Sweden HKScan, the Nordic food and meat group, has started exporting Finnish poultry products to Sweden. They will initially be sold through the largest retailer ICA’s outlets under the Karinäs®(Kariniemen®) brand. The launch gives Swedish consumers access to a new innovation: high welfare farm-born poultry that is hatched on the farm where it is raised. This new concept is [...]...
  • Almonds Retain Top Spot For Nut Introductions in Europe According to Innova Market Research’s latest Global New Product Introductions Report, almonds retain the number one spot for nut introductions in Europe. With a 47% share of global almond product introductions, the region leads globally for the eleventh year running. Europe as a whole saw a total of 5,017 new introductions with almonds – a [...]...
  • Arla Foods UK Launches New Standards Model to Bring Sustainable Change to Dairy Farming With ongoing volatility in the global milk markets, increasing consumer misunderstanding of the sector, polarised levels of support for UK dairy farmers and a new post-Brexit Agriculture Bill the challenges for dairy farmers are mounting. Farmer-owned co-operative Arla Foods has launched ‘Arla UK 360’ – a new standard in UK dairy farming. The Arla UK 360 [...]...
  • €172 Million to Promote EU Agri-food Products In and Outside the EU The European Commission will provide funding of €172.5 million from the EU agricultural budget to promote EU agri-food products in Europe and across the world. 79 campaigns, covering a wide range of products such as dairy products, olives and olive oil, and fruit and vegetables, will be rolled out over the next three years. Agriculture and [...]...

Britvic Shows Resilience

Britvic Shows Resilience
November 30
09:40 2017

Britvic, the UK-based soft drinks group, has reported a 7.7% increase in revenue to £1.541 billion for the 52 weeks ended 1 October 2017, compared to the previous year. On an organic constant currency basis, revenue rose by 2.5%. During the period, Britvic sold over 2.3 billion litres of soft drinks, an increase of 1.2% on the previous year, with Average Realised Price (ARP) of 63.3p, increasing by 1.6% on a constant currency basis.

Adjusted EBITA increased by 5.1% to £195.5 million, and adjusted EBITA margin decreased 30bps. Organic adjusted EBITA margin, on a constant currency basis, increased by 30bps. Profit after tax decreased by 2.5% to £111.6 million, including £24.7 million of planned costs related to the Business Capability Programme. The results reflect successful management of cost inflation through disciplined revenue management and cost control.

Britvic’s innovation programme continues to deliver and now generates 5.4% of total revenue – up from 4.0% in the 2016 financial year. Britvic is also successfully internationalising its business. Following completion of the Bela Ischia and East Coast acquisitions, 41% of group revenue is now generated outside of Great Britain.

Currently two years into its three years Business Capability Programme, Britvic made significant progress during the past twelve months, delivering £8 million in-year benefits, including £3 million from the investment in its GB supply chain, ahead of previous guidance.

Simon Litherland, chief executive of Britvic.

Britvic’s Leeds site is close to completion, with both the big and small PET lines up and running and the automation of the new warehouse due for completion in the coming months. The London site is now fully operational with a new flexible PET line and on-site warehouse completed. At Rugby, Britvic has installed three new can lines and started the groundworks for the new warehouse and aseptic line that will come on-stream next year.

Simon Litherland, chief executive of Britvic, comments: “Britvic has again demonstrated the resilience of our business, delivering another strong set of results. We have grown both organic revenue and margins whilst continuing to progress our strategic priorities. I am particularly encouraged that we have increased the proportion of revenue generated from innovation and accelerated the returns from the business capability programme.”

He elaborates: “While April 2018 brings uncertainty with the introduction of the Soft Drinks Industry Levy in GB and Ireland, we are well placed to navigate it thanks to the strength and breadth of our brand portfolio and our exciting marketing and innovation plans. This, combined with our continued focus on revenue and cost management, means we remain confident of making further progress next year.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 18, 2018Future Food-Tech London - Marketing Partnership
  • October 21, 2018Int'l Food Products Exhibition (Sial)
  • October 25, 2018Italian Espresso Coffee Show (TriestEspresso Expo)
  • October 25, 2018Finnish Food Fair
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements