Year on year growth fuelled by volume and pricing
Soft drinks giant Britvic has increased revenue in the third quarter as volumes and pricing rose. Photograph: Cyril ByrneDrinks group Brivic said the third quarter of the year showed strong trading, with a robust performance driven by volume growth and pricing.
The group said it expected full year revenue and earnings to be within the range of current market expectations. Britvic also announced two new acquisitions to build on growth. Revenue for the group rose almost 10 per cent in the three-month period, reaching £476.7 million. In the international sector, which includes Ireland, revenue rose 13 per cent, with the Irish business benefiting from positive price and mix, and volume growth. The French business saw soft volumes, which was offset by pricing and mix.
In the British market, revenue increased 10 per cent year on year, with volume growth across both retail and hospitality. Brazil was the only sector to see a decline, falling 1.9 per cent.
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